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The problem is that an Ivy League school is paying the expenses of managing investments worth a gazillion dollars instead of focusing on research and education.
by KKKKkkkk1 11y ago
The problem is that an Ivy League school is paying the expenses of managing investments worth a gazillion dollars instead of focusing on research and education. Money management is not what the universities are good at, and it's not what they are for. But in fact, the "hedge fund problem" is not the only problem American universities have - they are also running sports teams, housing, construction and real estate operations and whatnot. It's as if the purpose for which they were created has become an afterthought.
- ykl 11y agoNot to mention vast hospital networks~ in a number of cities, universities run major or even the primary hospital network in the city.
- jsjohnst 11y agoHow do you suppose that med students get the required on the job training (aka residency) otherwise? Teaching hospitals are a very necessary thing in the medical field.
- ykl 11y agoI didn't say universities shouldn't have hospitals. I was just pointing out that it's another field that universities are highly involved/invested in.
- pdeuchler 11y agoYou have this entirely backwards. Sports team management, housing, construction, and especially investment operations are exactly what today's schools are good at! The pesky problem that keeps popping up is those darned students and their education...
- deleted 11y ago[deleted]
- vzcx 11y ago> Money management is not what the universities are good at, and it's not what they are for. Isn't that precisely why they pay other people to manage it? > It's as if the purpose for which they were created has become an afterthought. I sometimes wonder what that purpose is. What do you think?
- lancewiggs 11y agoActually they are very good at money management - and (at Yale at least) they teach it as well.