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The Harvard endowment has suffered from poor management recently so not sure if the headline is intended to make sure people think this is a good or bad idea
by code4tee 9y ago
The Harvard endowment has suffered from poor management recently so not sure if the headline is intended to make sure people think this is a good or bad idea
- audiometry 9y agoYeah, this is interesting. They mentioned some turnover at the fund, and this guy in particular only lasted for a couple years at Harvard. I recall a few years ago how people talked about Harvard fund mgmt in reverent tones as if they somehow were simply smarter and better than everyone else. That caused some dissonance with me because a former boss's boss was someone who Harvard Endowment hired, and in my experience he was definitely not smarter and better trader than everyone else. So I guess over time they find it as difficult to make returns as the rest of us do.