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Packard Foundation Bets on Brains Over Quants [Premium]

In the heart of Silicon Valley, endowed by a computer fortune, the $7.2 billion Packard Foundation opts out of quant investing....

Illustration by Paddy Mills.David Packard, the man who brought computing power to the masses, made an empire and a fortune selling smart machines. He built the first one — an oscillator — with William Hewlett in the late 1930s, in the garage behind his and Lucile

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