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Harvard needs 8% return every year just to keep the lights on. 5% spending plus 3% inflation. Miss that number and buildings stop, professors leave, research dies.40% of the
Ryomen (@Ryomenex). 92 replies. Harvard needs 8% return every year just to keep the lights on. 5% spending plus 3% inflation. Miss that number and buildings stop, professors leave, research dies.40% of the operating budget comes from one portfolio. Not tuition. Not grants. One fund.Jake Xia manages that fund's public markets. He also teaches ...
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