Smart investments are crucial to philanthropy. - By Henry Blodget - Slate Magazine

Smart investments are crucial to philanthropy. - By Henry Blodget - Slate Magazine: "The Gifts That Keep On GivingWhy smart investment policy is critical to healthy philanthropy.
By Henry Blodget
Updated Friday, Nov. 10, 2006, at 12:27 PM ET

Click here to read more from Slate's philanthropy series.

Does the world's largest philanthropic foundation suffer from the same investing affliction that cripples many mere financial mortals—'myopic loss aversion'? Or is there another explanation for why the $32 billion Bill and Melinda Gates Foundation invests its massive endowment so conservatively that it might lose value and influence in future years?"

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