[Saije]

And now Larry Summers gets to practice his magic on the rest of us as well.

[Red in Blue PA]

Wish I could be as smart as the people at Harvard/s

[Pearls Before Swine]

OK, Harvard lost 27%. That’s better than most institutions did. Maybe they should have held the cash account separate, but I don’t get the big finger pointing aspect of the article. In a growth investing program with multiple managers, there will always be some who are right in retrospect because they were cautious, and some who are right in retrospect because they were more aggressive. Hindsight is 20-20.

There was a problem in that the decision making became decoupled from the experts, so the head didn’t know what the body was doing, but overall, Harvard did OK.

[hennie pennie]

I think that Harvard Business School should be closed, and that anyone holding an MBA from HBS should be sent to a serious RE-Education Camp.

Philip D. Broughton wrote a book called AHEAD OF THE CURVE about his two years at Harvard Business School and it is a fascinating read.

Ahead of the Curve: Two Years at Harvard Business School
by Philip Delves Broughton.

I got my copy from the local public library.

[Brugmansian]

So how much did Summers and his cronies make on the investments Harvard lost money on?

[silverleaf]

Now Larry Summers gets to do to the entire US economy what he did to Harvard’s endowmment fund. What a swell guy with such a wonderful legacy of “wisdom” to show for his miserable life sucking up to the liberal power elites

mazel tov

[9YearLurker]

One should sooner hire a poet to manage one’s money than an economist.

[The Comedian]

And yet during the same period, my portfolio was up over 130%, and nobody has approched me about running the country.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.