Better late than never. This blog has for years kept a tally of the number of times someone in the finance world has the absolute GALL to suggest that donating to, or working as an investment advisor to increase, Harvard University’s $40.9 billion endowment might not be the best use of your money/time.
Of course, given that university’s obvious need, and the need of the very wealthy to give to the world’s very wealthiest university, few people voice this suggestion. But here’s one – and it’s setting the money world, “abuzz,” says the New York Times.
Why make the Harvard endowment any more money? What systemic bias do you perpetuate?
The author of these two questions is described as a “venture capitalist and provocateur.”
And baby you don’t get any more provocateuric than THAT.