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seanmcdirmid
on Feb 8, 2020
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The vast but little-known fund of the Mormon Churc...
One is a lot more defensible than the other. Having $100B cash on hand would just be stupid. Having invested $100B could be seen as more like an endowment if they produce income.
Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4
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