Surviving a Wild Financial Ride

Business Office "blurbs" this article as "Riding out a bucking financial market, institutions are re-evaluating endowment spending rates and carefully scrutinizing budgets." The author, Kenneth E. Reed, director of research and policy analysis for NACUBO, concludes: "While the Great Recession shows signs of abating, it is likely that the stock market and the broader economy will continue to buck college and university endowment managers in an uneven, unpredictable series of ups and downs. The message for all is to hold the reins firm to keep from being thrown from the saddle."