Dariusz Jemielniak, 18/03/2013 10:03:
[...]The only business I know of that relies on something close to 100 years of time horizon for strategy is forestry. [...]
Seriously? What about dams, railways... or nuclear plants? (Just to use extreme examples.) But the point is that we're not a business; good comparisons for endowments are things like universities, libraries, churches, red cross etc. etc.
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