On: Harvard’s Endowment Takes an $8 Billion Hit, loses 22%

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"... In a sign of the economic times, Harvard has sent a letter to its deans saying that the university’s $36.9 billion endowment fund lost 22 percent of its value in the last four months and could decline as much as 30 percent ..."

Porsche hacks the market better than Harvard ~ http://www.stubbornmule.net/2008/11/volkswagen/