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Our objective (maximization of the present value of equity) also covers the residual value of the expected perpetuity of payouts.
Both of these aspects can be (additionally to the expected perpetuity of payouts) relevant while negotiating the selling price of the company after the investor's engagement.
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So, with a mission, as a manager of an endowment, to preserve the purchasing power of the portfolio in perpetuity, I expected that other endowments would have substantial equity exposures, to take advantage of the fact that, in the long run, that's where you're going to generate the greatest returns.
Now you'll need to get that much more storage for your home computer to store and back things up, not to mention in the cloud where things are expected to reside in perpetuity (consider that over 250M pictures are uploaded to Facebook every day with increasingly higher and higher resolution).
For growing perpetuity: present value = expected cash flow next year/(discount rate - expected growth rate).
A growing perpetuity is a cash flow expected to grow at a constant rate forever, for example, a stock that pays $2.20 dividend this year and is expected to grow 4% a year in perpetuity.
For example, the present value of a stock that pays $2.20 dividend this year and is expected to grow 4% a year in perpetuity (reasonable assumption for 3M), assuming a discount rate of 6.3 percent, is $2.20* 1.04)/(0.063-0.04) = $99.48.
More of the first requires more of the second, unless you expect to borrow for perpetuity.
If we want an analogy, at least start with a corporation, that expects to exist in perpetuity.
Then, using the accumulated hazard function, we get the expected exits per person that remains in the keyring until the end time (in perpetuity).
Work with the Board to Change Investment Culture: Private foundations are often created with one large gift that's expected to last; they are risk-averse and focused on returns because they want to ensure perpetuity.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com