« The Real Price that OPEC Wants: Geese vs. Black Swans | Main | Gas Prices and Real Estate »

Latest Stories

• Excel Wankers and Recession Averages
• Sorry, New York is Closed. Check Back Later.
• Catching Falling 2009 Earnings Estimate Knife
• Survivorship Bias in Global Markets
• Talking Positions on a Lazy-ish Retirement Portfolio

May 12, 2008

Be It Resolved: Harvard is an Investment Bank

I love this quote that Felix picks from a Brad DeLong commenter in the ongoing debate about whether Harvard's endowment gains should be taxed:

Harvard is an investment bank with a mom-and-pop non-profit enterprise attached to it for tax purposes.

There is a fairly savage Harvard takedown here by Jim Manzi.

Who is right? I'm haven't spent enough time with this one yet, but I have to confess that I sidle closer to the "tax 'em" crew when it comes to private university endowments.

Sphere It   |   Digg it   |   Bookmark it   |   Stumble it   |   Facebook it