Re: news from Harvard
On Feb 9, 2007, at 11:05 AM, Michael Perelman wrote:
Herbert Pug Winokur was a member of the Harvard Corporation while
serving as Enron’s Finance Chairman.
I’m shocked you would suggest that! Chinese walls and all that.
Even if that is too conspiratorial, wouldn’t Harvard have access to inside information?
You might think. Someone from one of Yale’s unions told me once that
they suspected that alums threw them sweet deals (both Harvard & Yale
have lots of private equity, unlike more humble universities) and
whispered sweet somethings in their ears - but they were never able
to prove it. I’ll just say that it’s nearly impossible to beat the
averages by a wide margin year after year using conventional
techniques. Buffett used to be able to do it, and Soros did for
decades, but there aren’t many of them.
Doug