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Mind you, institutions are often funded by millions of pounds of public money..
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When you find institutions that you're unfamiliar with offering this type of account, review all the information carefully.
So, you create institution, you create a body, which has this life of its own, and it's an opportunity it can go.
Merrin: That's another interesting point in that we have, if you categorize the institutions, you have hedge funds, and then you have long-only.
After that, you can apply for NIH grants indefinitely (or until you change institutions) using that account.
What do you think institutions and people should give money to, and why?
You need institutions that serve as what the economist Daniel Klein calls "independent knowers".
What is it that drew you to institutions to begin with?
The expectation is that you move institutions after one or two contracts.
"There is a difference between reconstruction and nation building, where you build institutions, and not just infrastructure," Mr. Wolff said.
"If your mental model is you need institutions, that's not happening.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com