| Revision as of 15:58, 22 November 2023 view sourceJimbo Wales (talk | contribs)Extended confirmed users, Founder14,538 edits →Another Endowment question← Previous edit | Revision as of 15:58, 22 November 2023 view source Jimbo Wales (talk | contribs)Extended confirmed users, Founder14,538 editsm →Another Endowment questionNext edit → | ||
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| Currently the Foundation has about $255 million in cash and short-term investments, while the Endowment has about $119 million in long-term investments. Should the Foundation transfer some to the Endowment to presumably secure a larger and safer return? If so, how much? Presumably this would be done after getting the Endowment out of Tides; so my third question is when is that expected to occur? ] (]) 19:14, 21 November 2023 (UTC)11 | Currently the Foundation has about $255 million in cash and short-term investments, while the Endowment has about $119 million in long-term investments. Should the Foundation transfer some to the Endowment to presumably secure a larger and safer return? If so, how much? Presumably this would be done after getting the Endowment out of Tides; so my third question is when is that expected to occur? ] (]) 19:14, 21 November 2023 (UTC)11 | ||
| :We are entirely out of Tides. details the current investment policy. | :We are entirely out of Tides. details the current investment policy. | ||
| :The question of moving money from WMF and into the endowment is different from the question of how money currently with WMF should be invested. I think there's merit in the idea of periodically moving money out of WMF and into the Endowment, with the caveat that we shouldn't run a high risk that WMF might need to dip into the Endowment for an emergency caused by running too short a balance |
:The question of moving money from WMF and into the endowment is different from the question of how money currently with WMF should be invested. I think there's merit in the idea of periodically moving money out of WMF and into the Endowment, with the caveat that we shouldn't run a high risk that WMF might need to dip into the Endowment for an emergency caused by running too short a balance within WMF. I think that using the Endowment to cover shortfalls shouldn't be something that anyone gets comfortable with. | ||
| :The question of whether all of WMF's money that's currently in cash and short-term investments should stay that way is also valid. One way that I would approach the question is to start to match the duration of some of the investments to the expected timeline of expenditures, as opposed to simply blindly moving into equity or longterm bonds. (When interest rates rise, long term bonds get crushed, but if the intention is to hold some securities to maturity to meet some expected future expenditure, the the interest rate risk is less relevant. Measures of duration serve a similar function.)--] (]) 15:58, 22 November 2023 (UTC) | :The question of whether all of WMF's money that's currently in cash and short-term investments should stay that way is also valid. One way that I would approach the question is to start to match the duration of some of the investments to the expected timeline of expenditures, as opposed to simply blindly moving into equity or longterm bonds. (When interest rates rise, long term bonds get crushed, but if the intention is to hold some securities to maturity to meet some expected future expenditure, the the interest rate risk is less relevant. Measures of duration serve a similar function.)--] (]) 15:58, 22 November 2023 (UTC) | ||
Revision as of 15:58, 22 November 2023
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You might find this interesting
You are being discussed, at least peripherally, at WP:ANI#Legal threat issued by IP. Cullen328 (talk) 17:51, 9 November 2023 (UTC)
- More amusing than anything else. :-) I did get a traffic ticket in Italy once, but I paid the fine and as far as I know, the Italian government is pretty ok with me now.--Jimbo Wales (talk) 10:02, 10 November 2023 (UTC)
- I'm afraid we can't have Wikipedians with dodgy legal histories. Time to shut down the Italian Misplaced Pages in case we get done for speeding whilst editing. Zippybonzo | talk | contribs (he|she|they) 21:30, 15 November 2023 (UTC)
A redirect on metawiki
Greeting, Jimbo. I find you seldom replied to the comment on your talk page on meta-wiki, you may want to leave a redirect there to here? -Lemonaka 16:29, 18 November 2023 (UTC)
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Another Endowment question
Currently the Foundation has about $255 million in cash and short-term investments, while the Endowment has about $119 million in long-term investments. Should the Foundation transfer some to the Endowment to presumably secure a larger and safer return? If so, how much? Presumably this would be done after getting the Endowment out of Tides; so my third question is when is that expected to occur? Sandizer (talk) 19:14, 21 November 2023 (UTC)11
- We are entirely out of Tides. This page details the current investment policy.
- The question of moving money from WMF and into the endowment is different from the question of how money currently with WMF should be invested. I think there's merit in the idea of periodically moving money out of WMF and into the Endowment, with the caveat that we shouldn't run a high risk that WMF might need to dip into the Endowment for an emergency caused by running too short a balance within WMF. I think that using the Endowment to cover shortfalls shouldn't be something that anyone gets comfortable with.
- The question of whether all of WMF's money that's currently in cash and short-term investments should stay that way is also valid. One way that I would approach the question is to start to match the duration of some of the investments to the expected timeline of expenditures, as opposed to simply blindly moving into equity or longterm bonds. (When interest rates rise, long term bonds get crushed, but if the intention is to hold some securities to maturity to meet some expected future expenditure, the the interest rate risk is less relevant. Measures of duration serve a similar function.)--Jimbo Wales (talk) 15:58, 22 November 2023 (UTC)