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Comment You want a) an ENDOWMENT and b) in "fiat" (Score 1) 82

If the Future "Fund" didn't have a endowment--an endowment in the form of cash "fiat" money--or at least a portfolio of conservative assets denominated in "fiat" money--then it was always a shaky reed. If they were gambling on their research funding coming from promise of future cash flow, from investment activity based on FTT play money, then they need to be big boys and accept their gambling losses for what they are.

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Make it myself? But I'm a physical organic chemist!

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