By Henry Blodget
Updated Friday, Nov. 10, 2006, at 12:27 PM ET
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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?"