Professor Robert MacCulloch: Shouldn't Charities Hold Diversified Investments....

Shouldn't Charities Hold Diversified Investments, so they don't risk being decimated, like the Tindall Foundation?

In 2022, the Tindall Foundation, which owns around 21% of the Warehouse, a publicly listed company, had nearly all its capital invested in that one company, amounting to a total value of around $344 million (see the Foundation's accounts below). Its total assets were listed at around $401 million. In other words, 86% of the entire portfolio was held in a single stock.