Harvard reported a 0.05 percent loss and a drop in its endowment of over $1 billion in the same period, even as a simple Standard & Poor’s 500-stock index fund gained about 5.5 percent. Harvard’s endowment decline is more than the entire endowments of roughly 90 percent of all colleges and universities.How much is enough for Harvard?
Saturday, October 13, 2012
60% stocks, 40% bonds would have been better
The attempt by college endowments to imitate the investment strategies of Harvard and Yale have not done so well. Unconventional ideas lose their potency if they become conventional, evidently. Most shocking bit:
Posted by Jim Gust at 9:02 AM