The Rich Getting Richer

I think there's the learning itself that's valuable. And i also think the social networks are really valuable. So let's talk about the rich getting richer, not in the country, but in the university eco system. One fact is that many of the elit universities, including an spe brown, have really nice, big endowments. An endowment is not a giant savings account that we can use for whatever we want. It's actually comprised of literally thousands of gifts from donors that are targeted to very specific purposes. When the endowment grows, the extra money that comes out has to go to that purpose. The largest use in our endow is scholarships. A lot of it