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Yes, especially since Harvard's endowment (already down 30% or more) is wildly overstated due to all the illiquid assets they own.
by cpr 17y ago
Yes, especially since Harvard's endowment (already down 30% or more) is wildly overstated due to all the illiquid assets they own.
- maukdaddy 17y agoQuoted as $5 billion in real estate alone. Given the market you can assume -20 to -30% at least on most RE portfolios.
- cpr 17y agoI was thinking more of the whole derivatives scam they were partially responsible for cooking up in the first place. Those are clearly worthless, and account for a big chunk of the endowment. They just can't bring themselves to admit it yet. [Edit] I guess I'm shedding crocodile tears for them. I've no love lost for my alma mater, which, while academically valuable, is really nothing more than a soulless multinational corporation. They long ago gave up any semblance of trying to actually educate the whole man.