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4min chapter
Higher Ed Crisis w/ Dennis Hogan
The Dig
Are Universities Spending a Fraction of Their Endowment on the University?
Dowman: What good is an endowment if it's not being spent on the university? He asks why do people like Jeff Bezos want to need more money than they can ever spend by orders and orders of magnitude? Dowman: Part of the problem is really a governance problem. There's never a mechanism for deciding when it's time to dip into the savings or the rainy day fund, he says.
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