The document discusses perpetuities, which are assets that can generate returns over a long time horizon. It describes the goal of creating or purchasing a perpetuity to maximize one's standard of living. There are different types of perpetuities, such as software, intellectual property, and large companies with economies of scale. Examples of existing perpetuities include Microsoft Office, Facebook, and Coca-Cola. The document also provides examples of potential future perpetuities like educational software and the Chartered Investor Institute.

1. Perpetuities
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Michael Herlache MBA
Doctorate of Business Administration Candidate 2020
Perpetuities
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2. Index
I. The Goal
II. Demand for Perpetuities
III. Types of Perpetuities
IV. Examples of Perpetuities
V. Examples of Perpetuities in the Making
Perpetuities
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3. I. The Goal
Goal is to create/purchase one perpetuity in order to maximize
standard of living while not sacrificing quality of life.
Perpetuities
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4. II. Demand for Perpetuities
Institutional investors are after perpetuities as they can pay higher
multiples for returns over a longer time horizon
Perpetuities
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5. III. Types of Perpetuities
Perpetuities can be created from software and other intellectual
property (e.g. designation)
The market portfolio is also perpetuity
Large cap companies with high economies of scale
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6. IV. Example of Perpetuities
MS Office, Facebook
CFA Institute
Market portfolio
Coca Cola, Microsoft
Perpetuities
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7. V. Example of Perpetuities in the Making
Software Perpetuities in the making: DegreeLinked, Asiansbook, M&A
Nexus, FundLinked
Intellectual property Perpetuities in the making: Chartered Investor
Institute (CharteredInvestor.org)
Market portfolio perpetuity in the making: Individual's portfolio from
job income
Perpetuities
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