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<p>Ha, this cracked me up.</p>
<p>Cue7 - argh. I share your conservative instincts, BUT I think that the last 100 years were far more strongly shaped by the old-boys club of “higher education” than the next 30 will be. I suppose there’s no more point in arguing about it anymore, though.</p>
<p>And I agree: Penn’s endowment, despite finally pulling ahead of Columbia, is still a bit shy of where it should be. If the endowment managers produce the returns that HYP saw in the last decade, however, it could close the gap a little more. The recession afforded them an excellent opportunity.</p>