Harvard's losses tied to cash decision [$2B loss]

Boston Globe ^ | October 16, 2009 | Beth Healy

[Daffynition]

That's a lot of Crimson bleeding.

[joesbucks]

Wasn't that how they wanted us to save our Social Security funds?

[Gaffer]

In my opinion, Hahvad still didn’t have enough “skin in the game.”
They should have lost it all. This country would have been better of
were it so.

[Daffynition]

I envision many wills/endowments being changed as a result. Perhaps the good news is that many institutions more worthy will now be recipients of some bequests.

[norwaypinesavage]

And this is where Obama learned his financial genius?

[Daffynition]

Only to be fair:

"Harvard gave me the tools and the vocabulary of the business world," George W. Bush

[hinckley buzzard]

No.

[norwaypinesavage]

""Harvard gave me the tools and the vocabulary of the business world," George W. Bush"

Fair enough, however, George W. also had a couple of decades of business and executive experience to hone those tools. Obama had zero. The only honing Obama had came from Marxists.

[4rcane]

These elite business schools are OVERRATED. They don’t know jack shit

I suggest the Austrian Business School to study the real economy

[Daffynition]

Ain’t that the truth! ;)

[DaBunny]

So these are the guys who graduate 91% of their students with honors? And their morons?

[McGavin999]

Harvard? As in Harvard BUSINESS school? You mean the one who trains MBAs and stuff?

LOL

[WashingtonSource]

I’d trust any name or group of names selected randomly from the Boston phone book over any any professor or executive at Harvard University. These anonymous names could outthink, outsmart and outmaneuver the Commie dummies at the Harvard any day of the week, morning, noon or night.

[takbodan]

Best and brightest

[Daffynition]

Does experiencing a bit a schadenfreude make us bad people? :-P

[Lonesome in Massachussets]

B-school and economics are not the same thing. B-school is more like engineering and economics is like science. B-school is supposed to train business leaders, economists are “thinkers” who study whatever it is that economists study.

Just as an engineer has to understand basic physics, a business should understand economics, but it’s not really surprising how many successful business leaders know very little about economics.

What is shameful is the number of politicians who nothing about either business or economics.

[newfreep]

I suggest the Austrian Business School to study the real economy

But does anyone at Hahvard speak Austrian?

[VRW Conspirator]

These elite business schools are OVERRATED. They don’t know jack shit

I ask the question...once again...what makes a good school?

[joesbucks]

Then what were they recommending?

[Son House]

Obviously Harvard folks didn’t understand long term investing