Interesting article (premium unfortunately) and podcast (free) regarding UT's wealth.
Podcast:
www.splitzoneduo.com
Article:
Quote:
"If most things are bigger, bolder, and brasher in the US compared to the UK, the same could be said of Texas relative to the other US states, and the University of Texas (UT) is truly astonishing in scale, scope, and financial reach. Almost under the radar, the UT System has parlayed fortuitous land grants from the late 1800s, a commitment to conservative fiduciary principles, and an unabashed embrace of fossil fuels into a comprehensive foundation of generational wealth that soars above all its peers worldwide, including the much-vaunted Harvard University. It’s among the largest beneficiaries of the shale revolution, and countless deals that have reshaped the global energy landscape have been cut with nothing more than a handshake in the stands of a Longhorns football game. The numbers are truly staggering. Let’s quantify them."
Podcast:
We asked Substack’s best finance expert to explain this private equity thing
Doomberg is surprisingly optimistic. Here’s why.
www.splitzoneduo.com
Article:
Quote:
"If most things are bigger, bolder, and brasher in the US compared to the UK, the same could be said of Texas relative to the other US states, and the University of Texas (UT) is truly astonishing in scale, scope, and financial reach. Almost under the radar, the UT System has parlayed fortuitous land grants from the late 1800s, a commitment to conservative fiduciary principles, and an unabashed embrace of fossil fuels into a comprehensive foundation of generational wealth that soars above all its peers worldwide, including the much-vaunted Harvard University. It’s among the largest beneficiaries of the shale revolution, and countless deals that have reshaped the global energy landscape have been cut with nothing more than a handshake in the stands of a Longhorns football game. The numbers are truly staggering. Let’s quantify them."
