But what if you had 1-10 bilion and wanted to create a fund that lasted forever, or at least centuries ?
Ed Thorp has created strong rules governing the management of his sponsorship of maths at Princeton, but it's "only" a million dollars, and would it really last centuries ?
Mrs DCFC got one of the scholarships created by a very rich English businessman for smart people at Oxford, with which she bought my wedding ring. Lovely thought, but it wouldn't even have paid the rent on her student digs for a term. Inflation and the vagaries of inflation had taken their cut.
So how do we create a fund for the next thousand years ? Discuss