draklor40
Joined 8 years ago
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265
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Member since
Apr 5
Joined 8 years ago
I am disappointed that Yale with 30 BILLION USD ! in endowments did not have the same impact a hastily put together fund filled mostly with volunteers did. To weed out the poor capital allocators, you need skin in the game. Not saying it is perfect, but it probably would be way better than what we saw during the pandemic (and still see).
To me this was the most damning indictment of all. Once founders leave a compnay (or an institution), as BalajiS says, they become a shell of their former selves,with the individuals mostly in for self-preservation rather than set out fulfill the purpose of the institution.