Two Money-Related Pieces that Caught My Attention This Morning

Here are a couple news pieces I found this morning that each had a money-related element that caught my attention:

• Harvard Endowment Loses $8 Billion as Crisis Hits Colleges -- "Harvard University's endowment suffered investment losses of at least 22% in the first four months of the school's fiscal year, the latest evidence of the financial woes facing higher education. The Harvard endowment, the biggest of any university, stood at $36.9 billion as of June 30, meaning the loss amounts to about $8 billion. That's more than the entire endowments of all but six colleges, according to the latest official tally."

And I think my losses are bad. Then again, they still have $37 billion left over.

• Mumbai Gunman Was Promised Cash for Family if Killed -- "The only gunman captured during the terror attack on Mumbai says he was promised that his impoverished family would get $1,250 if he died fighting for militant Islam, security officials said Wednesday."

Is $1,250 all it takes these days for someone to be willing to get killed? Sheesh.

Comments

[Shaun Connell]

Wow. Harvard lost 8 billion? I read the other day that a Harvard MBA isn't worth what it once was. We might be slowly easing into a world where Ivy Leagues aren't quite what they used to be.

[J in FL]

Hmmm.... I wonder how David Swensen is doing this year.

[Hank]

Harvard should be jumping for joy to only be down 22% when the rest of the market is not anywhere close to that number. My college just announced that their endowment was down close to 40%.