April/May 2018 6 7 Dispatches Contributors Letter From the Editor Letter From the Board 8 Build Bridges, Not Walls Phillips Curve 12 The Utility of Grades Ivory Towers 13 Is Greed Good? 15 Anatomy of a Debacle 18 Policy U.S. Wants to Help Investors. Does It? 20 Looking Beyond the Markets 22 Americas Greater Europe Asia The Old Squirrel Behavioral Insights Global Briefs 27 29 Spotlight 31 Better Than an Algorithm Advisors should focus on the human side of investing. 34 Stop Teaching, Start Coaching Coaching to Mitigate Panic 37 3