Over the past week, administrators and investment managers at Harvard University have had to endure some public scrutiny over a $2-billion loss in the university’s endowment value. The editorial board at The Harvard Crimson, for example, gave administrators a scolding for the "subpar" performance of its investments. Harvard had been bested in the market by Princeton and others, the Crimson has noted in several articles. "Let’s not mince words: this is unacceptable," the editorial said. "… As crass as it might be to say, money makes Harvard go round."
