The Stanford Chronicle
Finance
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What the Endowment Model Can and Cannot Teach the Individual Investor
University endowments have become symbols of long-horizon investing, but the lessons they offer individual savers are subtler, and more cautionary, than the headlines suggest.
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The Patient Owner: An Analytical Primer on Private Equity
Private equity is often caricatured as either financial alchemy or corporate plunder; a clearer view begins with how the model actually works and where its returns come from.