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The headline is misleading. The vanguard portfolio beats the average of all small endowments (under $1B) and is beaten by average of the large endowments. Endow
by tamana 11y ago
The headline is misleading. The vanguard portfolio beats the average of all small endowments (under $1B) and is beaten by average of the large endowments. Endowment performance is impressively correlated to size.
- dang 11y agoOk, we replaced 'every' with 'most' in the title.