Can the issue raised in my second question below be addressed by limiting
REIT purchases to the top-N by capitalization? That is, should REIT and
fixed asset allocations be allocated to achieve the rights to information
about REITs instead of small real estate purchases?

Can we do a bias review study on the economics articles, please?

On Thu, Mar 16, 2017 at 9:35 PM James Salsman <> wrote:

> Joseph Seddon wrote:
> >
> > You can find out more about the Endowment here:
> >
> I'm very glad to see the asset allocation strategy published, but I
> have questions:
> 1. Does the Foundation intend to benchmark Endowment performance
> against the mutual funds marketed by the largest five funds by
> capitalization to institutions for the purposes of meeting endowment
> investment requirements?
> 2. Should the Foundation be investing in real estate investment
> trusts? Is it ethical for the Foundation to be competing with people
> and companies for the ownership of real estate or other fixed assets?
> "When upper class earners gain income, they are far more likely to
> save or invest in fixed assets or real estate, which does not increase
> aggregate demand."
> --
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