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Reply to "Harvard is laying off dining hall employees..."
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[quote=Anonymous][quote=Anonymous]People mention endowments every single time a college makes any financial decision they don’t agree with. It’s some weird knee-jerk reaction. Tuition went up? But the endowment! Dorm isn’t upgraded? But the endowment! It happens here all the time, which makes me worry that people don’t understand how their own investment accounts work, let alone a university’s. The person who said endowments are mostly liquid? I guess you also think your 401k is?[/quote] You’re saying that there’s not enough liquidity in an endowment of 40 billion dollars to pay a handful of hourly workers for a couple of months? Right.[/quote]
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