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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (171888)	12/17/2008 8:18:24 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

My Harvard response was initially a joke, but then I got to thinking about it. Harvard sold Bush a degree so maybe they really ARE brain dead there. Decided to do a search on their endowment fund and came up with the following article. I change my response from "Harvard?" to "Harvard!". huffingtonpost.com CAMBRIDGE, Mass. — Harvard officials say the university's largest-in-the-nation endowment lost about 22 percent of its value, or $8 billion, in the four months since the end of the last fiscal year. The endowment was worth $36.9 billion as of June 30. Harvard will have to take a "hard look at hiring, staffing levels, and compensation," university President Drew Faust and Executive Vice President Edward Forst wrote in a letter informing deans of the losses. They say the university should plan for a 30 percent drop in endowment value by the end of next June. Forst tells The Harvard Crimson student newspaper that the 22 percent estimate may be conservative because some university money is handled by external managers that have yet to report figures.

To: Think4Yourself who wrote (171888)	12/17/2008 10:21:16 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

yeah and we a crapload of them harvard hacks on deck... e: what kind of school do you have to graduate from to be so utterly stupid as to leverage 4-1 at a point in time when housing has tripled against flat incomes and BET IT ALL ON REAL ESTATE? Harvard?