... so says retired engineer, Gerald McGovern in the Baton Rouge Advocate.
Associated Press writer Justin Pope in his article, “College endowments grow,” points out how investing in the market economy has successfully maintained a cash flow for the major universities. These are fairly bright people; I wonder why they invested the funds in the market instead of using them to buy yachts for friends. They could have replaced the funds with worthless IOUs.
Read the whole letter
Posted by Chris Schrimpf
Comments
I'm not sure how to do it, but someone should send this along to powerline.
