Monthly Archives: June 2020

Endowment Role at Northwestern

What is the Uniform Prudent Management of Institutional Funds Act? Historically, nonprofits’ endowments were governed by the Uniform Management of Institutional Funds Act, a law enacted in 47 states in the 1970s. Under that law, endowments were...

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Margin of Safety

Apparently Seth Klarman’s book has been available online for a while now. This book most certainly does not provide a surefire formula for investment success. There is, of course, no such formula. Rather this book is a blueprint that, if...

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