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LookieNoNookie -> Harvard, w/37 billion..is not doing well these days.... (11/10/2008 5:28:56 PM)
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Ouch.
37 billion is a "limited" amount these days.
Last time I checked....assuming oh....3% (passbook savings)...that's a billion.
Ain't bad.
Ain't exactly 10 billion...but, it's better than a kick in the ass.
Now...assuming 9% return, (which is 7% less than I make on my real estate)....it's even worse...(bad)...
Now....assuming that Harvard doesn't do worse than I do (and by the way...I don't have PhD's running my portfolio)...I'd have to assume that Harvard is doing somewhat better than my portfolio....
Which is to say....
WTF??????
They're making 2 - 4 billion a year on their portfolio...AND getting the normal scholarly admission fees?
And they're upset that they're missing the boat?
(Am I missing something here?).
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