THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING
Ralph Whitehead Jr.

Harvard's next task

By Ralph Whitehead Jr.
January 7, 2008

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HARVARD'S ENDOWMENT is roughly $35 billion. Shrewdly invested, it has been earning a double-digit rate of return. If the rate for the new year is 10 percent, the endowment will rise by $3.5 billion, which is almost $10 million a day. Even the cash in Scrooge McDuck's money bank doesn't grow as fast. The question arises: How should these yearly ... (Full article: 768 words)

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