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College and University Discussion
Reply to "How come right wing people don't have their own Harvards?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Oxford/Cambridge. They don't believe in AA. And Oxbridge > HPY, Stanford. [/quote] Actually, Harvard has taken over in terms of reputation. In the last 15 years, those schools (Oxbridge) have lost a ton of money in terms of endowment. Also, no longer the desirable schools for world leaders. [/quote] Oxbridge's accounting is different. They use cost accounting in which all their assets depreciate over time to zero. All historical assets become zero dollars using this method - when in reality, their values are priceless. Oxbridge education compared to the U.S. education is truly priceless and this is due in no small part to their admissions policies of admitting only those who merit Oxbridge education. https://www.quora.com/Why-do-Oxford-and-Cambridge-have-endowments-much-smaller-than-those-of-Harvard-and-Yale-since-they-are-hundreds-of-years-old-and-have-more-alumni-What-accounts-for-the-disparity[/quote]
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