= 27d567bc2d48d9f40e9ccc20ea370b15)
Lumifer comments on Taking Effective Altruism Seriously - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (122)
Correct. The endowment managers absolutely don't care about a $5m cash gift. It's the admissions office which cares because it's a part of that minor side line in higher education and doesn't have free access to all those billions.
Assuming an average return somewhere in the 8-10% area, the endowment generates each year $3-3.5 billion. Why risk an SEC investigation, a potential prosecution, a hit to reputation, etc. for a mere $5m which is about the rounding error in financial statements?
In general, I would recommend learning to distinguish between reality and caricatures drawn by enemies. It would seem to be... rational :-)
Because the SEC wouldn't dare go after Harvard. And even if some prosecutor at the SEC who didn't get the memo decided to start something, it would get covered up. The issue is that Harvard has more moral authority then the SEC.
And on which basis do make such a confident pronouncement?