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View Diary: School district level endowment funds (15 comments)

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  •  Institutional investing today (1+ / 0-)
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    tjlord

    is a complex business. School districts are not big enough to hire their own qualified investment professionals, which is why money is generally managed at the state level, or at the state or large city-wide pension fund level. If districts all over the country were free to pick their own portfolios of bonds and stocks, you'd be guaranteed to have multiple blowups in which all of the funds are lost. It is also just inefficient for each district, which is all about teaching kids, to have to have that level of financial sophistication.

    •  Agreed - see comment (0+ / 0-)

      inadvertantly added above

      There is no environmental, social, economic or resource problem that wouldn't be helped by 3 billion fwer people on the planet.

      by tjlord on Sun Jan 13, 2013 at 07:09:00 PM PST

      [ Parent ]

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