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From http://theamericanscene.com/2008/05/12/is-harvard-just-a-tax-free-hedge-fund:

"Viewed purely in terms of economics, Harvard is really a $40 billion tax-free hedge fund with a very large marketing and PR arm called Harvard University that has the job of raising the investment capital and protecting the fund’s preferential tax treatment."

(via Matthew Yglesias)

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Date: 2008-05-17 03:39 pm (UTC)
From: [identity profile] meepodeekin.livejournal.com
So what are you saying, Yale shares and Harvard shares won't share? Cuz I want to diversify my portfolio... (Not really, having "shares" of both Yale and MIT I think I can pass on that type of Harvard share.)

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