The Harvard story is actually true, and yes, they have found the ways around it.
Basically, one main strategy is that you invest the original donation in such a way that the dividends and capital gains go into the general endowment. Within a generation or two the problem is solved. You can do that when you’re immortal.
The Harvard story is actually true, and yes, they have found the ways around it.
Basically, one main strategy is that you invest the original donation in such a way that the dividends and capital gains go into the general endowment. Within a generation or two the problem is solved. You can do that when you’re immortal.