Ivy League Colleges Shun Warren Buffett’s Advice - Opinion Piece

October 15, 2020

Brett Arends writes: You wouldn’t run your 401(k) like this. But America’s most elite university endowments have slashed their exposure to the stock market to the lowest levels since before the crash of 1929. And they’re betting half the farm—or, I guess, half the campus—on secretive, illiquid and high-risk private-equity funds and hedge funds.

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