Q3 2020 Dispatches 6 7 Contributors Letter From the Editor Letter From the Board Is the Stock Market Rebound Overdone? 8 Phillips Curve 10 11 Retirement Myth-Busting Ivory Towers Active Management's Dilemma Policy 13 How to Improve Retirement Plans for Teachers Global Briefs 18 Americas 21 23 Greater Europe Australia & New Zealand Spotlight Cultivating Patience Investors who delegated portfolio management were most prepared to handle market panic. 27 31 Keep Their Eyes on the Prize 3