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A comment on The vast but little-known fund of the Mormon Church. Parent comment

Re:The vast but little-known fund of the Mormon Church by seanmcdirmid on Saturday February 08, 2020 @11:04AM (#22276392)
I thought it was $100B in assets and investments, not cash on hand. Did I understand wrong?
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Re:The vast but little-known fund of the Mormon Church by lvh on Saturday February 08, 2020 @11:12AM (#22276441)
You're right, but that doesn't seem to be GP's core point.
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Re:The vast but little-known fund of the Mormon Church by seanmcdirmid on Saturday February 08, 2020 @11:42AM (#22276637)
One is a lot more defensible than the other. Having $100B cash on hand would just be stupid. Having invested $100B could be seen as more like an endowment if they produce income.
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