Latest from AD Kevin Seal

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What a disgusting conversation. Talking about creating endowments, not for football, but to fund ransom (and back-ransom) payments to the most demented, entitled, and delusional generation in modern history. No thanks.

The correct course of action is to resist the demonic trend and be a role model for others.

Take the entire athletic program down to intramural level and invest all proceeds into academics. MIT of the Plains is the new goal.

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You need to invest for total return and buying power preservation but that should be diversified. You make big concentrated bets to get rich (which may or may not happen) and your diversify to stay rich.

https://www.businessinsider.com/ubs-diversification-best-thing-billionaires-do-to-stablize-net-worth-2020-10

Of course diversity in today's world means something totally different.

Big concentrated bets.

Diversified.

Two things that are not alike.

The liquid, uber-wealthy, care very little about large returns (S&P average). They care more about making sure they will never, ever, become unrich. 4.5% risk free return is fine by most of them. That's $2.25M/yr if you have 50M... which is not really a lot of dough.