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by gruez
1498 days ago
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>Does a university really need a balance that may be larger than some nation's GDP? This comparison makes no sense. 1. GDP is a per-year measure, but an endowment is accumulated over multiple years. Therefore durectly comparing them doesn't really make much sense. 2. "some nation" includes some pretty small/poor countries. Should it be a surprise that an organization in the US is bigger than a country like Liechtenstein? |
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