That is, it not only tied up nearly the entire endowment in such assets, but borrowed to buy more of them.

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This means making sure high-quality government bonds, say, are not needlessly tied up as collateral for trades where lower-quality assets would be acceptable.

ECONOMIST: Collateral management

So it goes for entrepreneurs whose fortunes are mostly, if not entirely, tied up in the shares of the companies they founded and run.

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