Harvard: The Inside Story of Its Finance Meltdown

Stocks were tumbling last fall as the new school year began, but at Harvard University it was as if the boom had never ended. Workers were digging across the river from Harvard's Cambridge, Mass. home, the start of a grand expansion that was to eventually almost double the size of the university. Budgets were plump, and students from middle-class families were getting big tuition breaks under an ambitious new financial aid program. The lavish spending was ... Full Story »

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3.7
by Fabrice Florin - Feb. 28, 2009

Informative investigation of Harvard University's daring investment style, which led to a dramatic setback this fall, with an estimated 30% reduction in its endowment, and heavy borrowing to offset its losses. This article is well reported and provides extensive factual evidence to support its findings, as well as helpful context. A few more independent sources would have helped.

(11 answers)

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3.7

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from 11 answers
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3.7
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4.0
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4.0
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4.0
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3.0
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3.0
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4.0
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4.0
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3.0
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3.5
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3.0
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4.0
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