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Education

mahatmakanejeeves

(61,661 posts) Fri Oct 21, 2022, 07:43 AM Oct 2022

Opinion: Colleges Aren't as Rich as They Look

From
@WSJopinion
: Colleges aren’t as rich as they look. Malcolm Gladwell fails to understand the math of spending endowments, writes Burton G. Malkiel

wsj.com
Opinion | Colleges Aren’t as Rich as They Look
Malcolm Gladwell fails to understand the math of spending endowments.

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3 replies

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Highlight:

Opinion: Colleges Aren't as Rich as They Look (Original Post) mahatmakanejeeves Oct 2022 OP

Some certainly are...the Ivies and other national brands... brush Oct 2022 #1

Yale and Harvard are essentially hedge funds that have Tomconroy Oct 2022 #2

The author of the opinion is a long-time professor at Princeton, Ocelot II Oct 2022 #3

brush

(58,059 posts)

1. Some certainly are...the Ivies and other national brands...

Reply to mahatmakanejeeves (Original post)

Fri Oct 21, 2022, 07:58 AM

Oct 2022

have multi-million, even billion dollar endowments which they invest.

For many state and private colleges, the OP is correct.

Tomconroy

(7,611 posts)

2. Yale and Harvard are essentially hedge funds that have

Reply to mahatmakanejeeves (Original post)

Fri Oct 21, 2022, 08:05 AM

Oct 2022

a small 'education' business component.

Ocelot II

(121,522 posts)

3. The author of the opinion is a long-time professor at Princeton,

Reply to mahatmakanejeeves (Original post)

Fri Oct 21, 2022, 09:19 AM

Oct 2022

so maybe he has a bit of skin in the game?

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