<p>UVA:</a> Sorry, Alumni, We Gambled Our Endowment And Lost</p>
<p>This is terrible. But, it’ll be interesting to see the endowment loss next year. haha, they probably won’t lose 50% of their endowment like I did with my 401k.</p>
<p>Unsurprising since a lot of the “money” in the now defunct model of wild-and-crazy Wall St. never actually existed.</p>
<p>[More</a> Pain for College Endowments - The Paper Trail (usnews.com)](<a href=“http://www.usnews.com/blogs/paper-trail/2008/10/27/more-pain-for-college-endowments.html]More”>http://www.usnews.com/blogs/paper-trail/2008/10/27/more-pain-for-college-endowments.html)</p>