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bethlehempard

Endowment good news, relatively

Lafayette leads a group of 18 "Little Ivies" (I hate that #%#*#* term and don't think it applies to us) with an endowment decline of 0.8 percent versus an average decline of 3.3 percent in the group and 2.5 percent from a larger sample.

Little Ivies. XxXX that.

Good news all the same.

Story:

https://www.bloomberg.com/news/ar...le-good-news-for-the-little-ivies
NewXbo

This is why it's good to have Carney back. He is one of the top bean counters in the Pennsylvania.
pardfan

If these guys can't make money when the s and p is up nearly 13% and a further diversified portfolio ( international stocks and bonds plus domestic stocks and bonds--specifics if you want) is up about 9%, they're in the wrong business. Investing is hard but it is not impossible.
bison137

pardfan wrote:
If these guys can't make money when the s and p is up nearly 13% and a diversified portfolio ( international stocks and bonds plus domestic stocks and bonds--specifics if you want) is up about 9%, they're in the wrong business. Investing is hard but it is not impossible.



For the fiscal year, the S&P 500 was only up about 1% - plus a bit for dividends.
pardfan

bison137 wrote:
pardfan wrote:
If these guys can't make money when the s and p is up nearly 13% and a diversified portfolio ( international stocks and bonds plus domestic stocks and bonds--specifics if you want) is up about 9%, they're in the wrong business. Investing is hard but it is not impossible.



For the fiscal year, the S&P 500 was only up about 1% - plus a bit for dividends.


My mistake. Thank you for the correction.  So used to results shown at a much faster pace.  Wonder how they did in the last six months?  What  benchmark?  Each other?  Comfortably low bar IMO.
flyfisher

bison137 wrote:
pardfan wrote:
If these guys can't make money when the s and p is up nearly 13% and a diversified portfolio ( international stocks and bonds plus domestic stocks and bonds--specifics if you want) is up about 9%, they're in the wrong business. Investing is hard but it is not impossible.



For the fiscal year, the S&P 500 was only up about 1% - plus a bit for dividends.


Investing is much more difficult than 20 years ago or so. Many more variables that the average person doesn't negotiate so well. However the LC investment club has better performance than this.
pardfan

Two of my favorites:
"Investing is not about time-ING; it's about time-IN."

then ponder...

If you "bought the high in 1929," when would you have broken even? I read somewhere- 1953. (Nikkei is still half of what it was in the early 1990's)

Tough stuff
bethlehempard

The S&P was up 1.03 percent over the fiscal year. Reinvest the dividends into the index members and the return was 3.24 percent.
Schools also put money into less-liquid investments. I don't know our breakdown and negative 0.8 percent isn't great but down years happen to everybody, except they never seemed to happen to one Bernard L. Madoff.
Bogus Megapardus

Re: Endowment good news, relatively

bethlehempard wrote:
Story:

https://www.bloomberg.com/news/ar...le-good-news-for-the-little-ivies

    Amherst, Bates, Bowdoin, Brown, Bucknell, Colby, Colgate, Columbia, Connecticut College, Cornell, Dartmouth, Hamilton, Harvard, Haverford, Lafayette, Middlebury, Penn, Princeton, Swarthmore, Trinity, Tufts, Union, Vassar, Wesleyan, Williams, Yale

Meh . . . there goes the neighborhood. Rolling Eyes
leopard88

Quote:
Its fairly typical for a number of endowments to have quite high weighting toward international equities and emerging markets, says Joseph Bohrer, chief investment officer of the $740 million endowment at Lafayette College in Pennsylvania. He says his school leaned more heavily than others toward U.S. stocks, as well as fixed income, which helped it to keep losses to just 0.8 percent, the best showing among the 18 schools.


We're No. 1!  We're No. 1!

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