A new paper deals with these difficulties by drawing on the archives of the endowment funds of four Oxbridge colleges, which for centuries have been big investors in property.

一篇新论文利用了牛津和剑桥四所院捐赠的档案资料解决了这些难题。几年来，这四所院一直是房地产的大投资者。

The business leaders announced plans for a permanent five-million dollar endowment fund, and they also promise to hire any of the students who go on to complete their college educations.

这些商界领袖宣布计划，设立永久性五万美元的捐赠，他们还承诺会雇佣任何一个继续完成大业的生。

Really? Well, of those many places, did you open seven different bank accounts, the amounts of which add up to exactly the same amount of money that disappeared from Lucille Jackson's endowment fund?

真的吗 那么在众多去处中，你是否曾设立七个不同的银行账户，存款总额与露西尔·杰克森的资助失的额完全相同呢？

Well, that's sort of, that's great and it's capital, but it's not getting money from Fidelity or T-Row or, you know, a sovereign wealth fund or an endowment fund from a university that has large pools of organized capital

这固然不错， 也是资来源，但并非来自富达、T. Rowe 或者主权财富，也不是来自拥有大量组织化资本的大捐赠。 这些机构对你的业务持有长期视角。