October 10, 2008
A Little Less Ivy in the Bank
QUESTION: How has the stock market’s precipitous plunge affected college endowments, especially the titanic ones, e.g. Harvard and Yale? Will it affect their scholarship programs — many of which are generous and new?
Or did Harvard’s legendary money managers somehow manage to beat the market again?
If I worked at a newspaper or financial news website I would assign this story right now. But I don’t, so I’ll just blog it here.