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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Heard an interview today with Bill Ackman, hedge fund manager, alum, and donor.

Harvard’s headline endowment is $53 billion, but 75% of that is in private investments, like private equity and venture capital, that aren’t regularly marked to market value and are not liquid. He estimated that market value is 30-40% lower than stated. Further, Harvard has $8 billion of debt. Apparently, the day-to-day operation of the overall enterprise is heavily dependent on government money and annual donations.

This reminds me that UChicago is in even worse shape.

How do these great schools with so many great minds mess this all up?[/quote]

Bill Ackman has a little bit of an agenda, so I'd take his comments with multiple grains of salt. [/quote]

He is an idiot outside of his field of investing.  He supported Trump not at all realizing the immense risks.[/quote]

Wait, wouldn't multiple grains of salt be more serious than a grain of salt? Do you mean half a grain of salt?  [/quote]

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