Stanford has asked departments to develop plans for a 10% drop in general funds AND a 15% drop in endowment payout. Endowment policies are deeply flawed if they amplify short-term budget swings. Univ endowments should be uniquely situated to act countercyclically, but they don't.
They should be doing the opposite! Turn their endowments into fast YC funds specifically around defeating this virus and funding companies to provide what is needed most! I turned $225k from the sale of our Chinese restaurant into $500k + $700k investment/donations vs covid19
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and it's going up (peaked before, I've been suuuuper short the market via SPY puts)
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