Education

mahatmakanejeeves

(68,824 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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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

(61,033 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.

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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.

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Ocelot II

(129,762 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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