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> "Assets are returned as dividends or reinvested." see, you did it again. assets are almost never "returned" anywhere. that's typically profits. you don't nee
by clairity 4y ago
> "Assets are returned as dividends or reinvested."
see, you did it again. assets are almost never "returned" anywhere. that's typically profits. you don't need an mba, but to have any credibility, you need to at least use these words reasonably.
in a capital structure, endowments are most similar to (long-term) assets, not revenue, income, or market cap (which is a valuation). i'll leave it as an exercise to work out why.
- ajross 4y agoGood grief, you know perfectly well I meant liquid assets, c.f. the number you cited for Apple. I'm not talking about factories and capital goods, and you know that. The term as you used it is ambiguous[1], but I engaged in exactly the frame you used on the assumption that you'd interpret it in good faith. This kind of nitpickery isn't winning, it's just deflection. So deflect away. But you know perfectly well that Harvard University isn't 1/4 the size of Apple Computer. [1] c.f. your own qualification when you had to say "(long term) assets"! Needless to say that Apple number you quoted wasn't an accounting of any kind of long term investment. It was cash!
- clairity 4y agoyou keep making the same mistake. it's really easy to look up the balance sheet of apple online, and then look up the line item terms on investopedia (hint: "non-current assets"). luckily it's a random internet board and not a work meeting or something.