atans1

Paying peanuts pays-off for college

In Financial competency, Financial planning on 20/02/2017 at 1:57 pm

Houghton College uses low-cost index funds and mutual funds and its returns beat Harvard with its millionaire in-house managers and external filthy rich hedgies. Btw, after ten years of lagging investment returns, Harvard’s US$35.7 billion endowment is planning to cut its current staff of 230 in half by the end of 2017.

From NYT Dealbook

COMMON SENSE
By JAMES B. STEWART

Houghton College outperformed colleges with the biggest endowments by getting out of hedge funds and moving to a mix of low-cost index funds and mutual funds.

Think of our PAP ministers’ pretentions on why they deserve their millions in salaries.

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  1. PAPies say they deserve their multi-million dollar salaries else S’pore will collapse back into Syonan-to and the women will become maids overseas while the men have to become construction workers.

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