Bundy sternly tool his fellow endowment fund managers to task - not for being too bold, but for being insufficiently so:
We have the preliminary impression that over the long run caution has cost our colleges and universities much more than imprudence or excessive risk-taking.
We have the preliminary impression that over the long run caution has cost our colleges and universities much more than imprudence or excessive risk-taking.
( Roger Lowenstein )
[ Buffett: The Making of an ]
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