Harvard Endowment Down: Bill Gates, Send Money

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Harvard produced Steve Ballmer, Bill Gates, and Jim Cramer.

It has produced eight presidents has hundreds of big company CEOs.

By the look of things, its investment managers are doing better than the market as a whole, but not by much. The university’s endowment is down 22% in the last four months.

According to the AP, "Harvard officials say that the university’s largest-in-the-nation endowment lost about 22 percent of its value, or $8 billion, in the four months since the end of the last fiscal year."

Bill Gates can write a check for that without blinking an eye.

Douglas A. McIntyre