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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Worswick who wrote (2951)	4/7/1998 12:49:00 PM
From: Tommaso	Read Replies (2) \| Respond to of 9980

Back in the later sixties, McGeorge Bundy--after having helped get us into the Vietnam war--became president of the Ford Foundation. He led a campaign to persuade colleges and universities to "live adventurously" and put a lot more of their endowment into the stock market. Yale listened. Harvard, advised by a Cabot, did not. About six years later Yale's endowment had been cut in half while Harvard's was much larger than it had been. Who is "Tut-Tut"? If the Japanese can't learn from their own stock market that they ought to stay out of ours--especially after their adventures in American real estate--then we will go from our present 1929-like bubble to the greatest speculative mania of all history. But worse things have occurred to people to do. Such as invading Russia from the West, which has been tried three times.