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An endowment should prefer one spending policy over another if it generates higher discounted Expected Lifetime Utility of spending.
The Missing Billionaires
Victor Haghani and James White
Choose not to be outraged today.
Excellent Advice for Living
Kevin Kelly
In Palantir’s governance structure, it will have three classes of shares. Class A shares have 1 vote, Class B shares have 10 votes and Class F shares (for “Founder”) have a variable number of votes that will ensure that Palantir’s founders Alex Karp, Stephen Cohen and Peter Thiel maintain 49.999999% control of the company essentially in perpetuity (or at least until they want to give it up by selling).
In Its 4th Revision to the SEC, Palantir Tries to Explain What the Hell Is Going on | TechCrunch
techcrunch.com
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