The United States of Billionaires & Millionaires has a nice ring to it.Oh, goody, more merging for Billionaire's.
The five percent nation of corduroyThe United States of Billionaires & Millionaires has a nice ring to it.
Amazing how math works.So wait…..higher fees = lower net investment returns
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And yet somehow, Michigan has managed to piece together a $20b endowment, and Harvard has $53b. I guess I'm not exactly sad that they're "victims" of other, white-collar criminals who've undoubtedly fleeced millions from smaller schools.Continuing the theme, and in depth study found that Wall Street was absolutely raping the shit out of university endowments amd non-profit corps with their junk fees.
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David Sirota (@davidsirota.com)
MIT/U of Illinois researchers analyzed tax filings from 375,000 nonprofits & universities & found Wall Street is absolutely fleecing everyone. KEY CONCLUSION: "Endowments that pay higher fees earn lower net investment returns on average." https://www.levernews.com/a-big-oily-bill/bsky.app
A single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country. -- Louis Brandeis, New State Ice Co. v. Liebmann
The Big Ten Schools have it figured out.And yet somehow, Michigan has managed to piece together a $20b endowment, and Harvard has $53b. I guess I'm not exactly sad that they're "victims" of other, white-collar criminals who've undoubtedly fleeced millions from smaller schools.
Continuing the theme, and in depth study found that Wall Street was absolutely raping the shit out of university endowments amd non-profit corps with their junk fees.
![]()
David Sirota (@davidsirota.com)
MIT/U of Illinois researchers analyzed tax filings from 375,000 nonprofits & universities & found Wall Street is absolutely fleecing everyone. KEY CONCLUSION: "Endowments that pay higher fees earn lower net investment returns on average." https://www.levernews.com/a-big-oily-bill/bsky.app
One of my favorites and we were lucky enough to see them live a handful of times during their first run.Holy shit, this is good. Thank you!
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