4 ms·

My understanding is that the Harvard endowment is about the worst example you could've picked, unless there's a sarcastic subtext to your post that I'm overlook

• neilc 16y ago
  If you mean the recent losses, then that is not the point: the boards must have a reason for hiring highly-paid money managers. Besides, the long-term returns for the Harvard/Yale/etc. endowments are very impressive, and the rumour is that they've made up much of their recent losses in the past year.
  • CamperBob 16y ago
    ...and the rumour is that they've made up much of their recent losses in the past year So have I, but you darned sure don't want me running any trusts at Harvard. :)