Ralph Whitehead Jr.
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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