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Relevant data: _________ Princeton: Endowment US$ 17.1 billion (2011) Harvard: Endowment US$ 32.0 billion (2011) Yale: Endowment US$ 19.4 billion
by 001sky 14y ago
Relevant data:
_________
Princeton: Endowment US$ 17.1 billion (2011)
Harvard: Endowment US$ 32.0 billion (2011)
Yale: Endowment US$ 19.4 billion (2011)
Stanford: Endowment US$ 16.5 billion (2011)
___________
Facebook: IPO US$ 10.0 billion (2012)
_________
Its not the payout to the staff. That its typically 1/3 of the budget spent at a University. Princeton just raised $1.8B for its latest fundraising project. etc.
- jacques_chester 14y agoI'm not sure if generalising from a handful of massively-endowed private universities to all universities everywhere is a meaningful thing. It used to be that books were so rare and expensive that they were chained to desks. A single copy would be read aloud to students -- the very word "lecturer" means "reader". These days, for a liberal arts education heavy in classics and great books, the cost of the materials is close to nought. That's what I meant by the capital.
- 001sky 14y agoThe attack need not be general. Quick specific examples are even stonger. The degree from Uni X N years ago is not worth less than Uni X today. Their values are ordinal not cardinal, although arguably decreasing in relative value in any event on a more absolute scale.