![](\"http:\/\/cyber.law.harvard.edu\/blogs\/static\/dowbrigade\/\nveritas.gif\")
If, as the old saw says, the proof is in the pudding, then the World’s
\n Greatest University over in the People’s Republic of Cambridge continues
\n to attract some mighty smart guys, and has the perspicacity to place
\n them in charge of its growing fortune.<\/p>\n
Actually, as the Dowbrigade’s Mom so recently reminded him, that is
\n not what the old saw says; the true aphorism is "The proof of the pudding
\n is in the eating" but we try not to think about eating before noon.<\/p>\n
Be that as it may, the Put another way, if Harvard were a country and their endowment were The Harvard University endowment yesterday reported a 21.1 percent gain article from The Boston Globe<\/a><\/p>\n<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":" If, as the old saw says, the proof is in the pudding, then the World’s Greatest University over in the People’s Republic of Cambridge continues to attract some mighty smart guys, and has the perspicacity to place them in charge … Continue reading
\n Boston Globe today<\/a> reports that Harvard’s largest-in-the-world
\n endowment rose an astounding 21% last year. In these trying financial
\n times, with the Stock Markets locked in a stubbornly narrow trading band
\n and the leading economic indicators decidedly mixed, 21% is positively
\n obscene and in other contexts would give rise to accusations of insider
\n trading (Harvard? Ridiculous! What insiders do they<\/i> know?). The total Harvard endowment is now over
\n $22 Billion dollars.<\/p>\n
\n its GDP, it would be 97th out of 237 independent nations on a list
\n of GDP<\/a> provided by the CIA Factbook, right between Jordan and Tanzania. And
\n with a growth rate twice that of China! The best part is that they pay no taxes as a “non-profit” educational institution, yet exist as a state within a state, like the Vatican City in Rome, the High Priests of the Church of American Academia.<\/p>\n\n
\n on its investments for fiscal 2004, marking its best year since 2000.
\n But the nation’s largest university fund also issued a sober forecast
\n that returns over the next decade will be dramatically lower than in
\n the past 10 years.<\/p>\n<\/blockquote>\n