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Yes, the Larry Summers that lost 1.8 billion dollars. http://blogs.reuters.com/felix-salmon/2009/11/29/how-larry-summers-lost-harvard-18-billion/ http://blogs.

• danielvf 8y ago
  To be fair, overall he made money - the 1.8 billion number was just the dip, but they were making money hand over fist in the years before, more than enough to come out positive overall.
• kchoudhu 8y ago
  Honestly, Summers has joined the pantheon of people I recommend people never take economic advice from -- also included are Jimmy Cayne, Vik Pandit and Dick Fuld.
• kadendogthing 8y ago
  >Update: Brad DeLong, in the comments, does some back-of-the-envelope math and reckons that Harvard came out ahead of the game, on net, even after accounting for that $1.8 billion loss. And the comments are closed. Neat.
  • gepi79 8y ago
    It is unfortunate indeed because I would like to read the comments in the blog as well. Despite the recovery of the "lost" or invested 1.8 billion, the story gives no good impression of Larry Summers.