The Endowment Model Is Real, Right?

I always say the endowment models a little, idon't know, arrogance the wrong word, pretentious. And to call it the endowment model is, i don't know, iways thoght it was a little pretensious. But the model is real, right? The model of a value bias, an equity focus, and then a a focus on the ill equidity premium. You ther only four risks you can take in the whole worldt and they require risks. If we take no risk, we get the risk free rate we base. And we take credit risk, can buy a bond. Equity risk, buy in equity. Ill iquidity risk,