<p>[UVA:</a> Sorry, Alumni, We Gambled Our Endowment And Lost](<a href=“http://www.clusterstock.com/2008/11/uva-sorry-alumni-we-gambled-our-endowment-and-lost]UVA:”>UVA: Sorry, Alumni, We Gambled Our Endowment and Lost)</p>
<p>[Harvard</a>, Yale, et al, Down 25%-30%?](<a href=“http://www.clusterstock.com/2008/11/harvard-yale-et-al-down-25-30-]Harvard”>http://www.clusterstock.com/2008/11/harvard-yale-et-al-down-25-30-)</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>