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It's a big picture issue though, right? Where else is scientific research supposed to be conducted? It can't all be profitable.

Not that I know how to manage a research department or anything. But it is a bad sign if even prestigious universities have a poor grip on what important scientific research is beyond "what makes us money".

In this instance we are talking about UPenn. Wharton is a pretty productive wallstreet pipeline. If they can't use their endowment to fund important scientific research, it is a massive problem.



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