FYI: It's college-rankings season again, and it's not just about which colleges are the most selective (Stanford); produce the most billionaires (University of Pennsylvania) or have the highest-ranked football team (Alabama). More interesting for investors is the annual investment returns announced recently by the top university endowments. Taking a shorter-term view suggests that perhaps investing as these universities do might be a bad idea. The longer-term view, however, says something very different.
Last week, Harvard announced its endowment rose 15.4% in the fiscal year ending June. That trailed rival Yale and Stanford's 20.2% and 17% returns, respectively. Each of these endowments trailed the S&P 500's return of 24.6% over the same period by a substantial margin
Regards,
Ted
http://www.marketwatch.com/story/why-you-should-invest-like-harvard-2014-09-30/print
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