ACM Insights
Stocks May Be in a Bubble, But I’m Still Buying
Mark Armbruster recently invested a lump sum into equities, despite signs of a potential stock market bubble, soaring valuations, speculative mania, and parallels to the Dot Com era. He argues that bubbles are historically rare and timing the market is nearly impossible. Long-term data and psychological discipline led him to conclude that investing now was the rational move, even if it feels uncomfortable….
The Golden Question: Assessing the Surge in Gold Prices and Its Place in Your Portfolio
Gold prices are dominating headlines, surging in recent months and even hitting a new one-year high. In fact, the price recently passed…
Uncovering the Drivers of Underperformance in Nonprofit Investment Portfolios
Many nonprofit investment portfolios consistently underperform due to structural and behavioral challenges that are often overlooked. This article explores how short-term decision-making, misleading benchmarks, and committee turnover undermine long-term success—and why a clear investment philosophy is essential for mission-aligned governance….