My concerns about the PEOPLE at Yale

[JLSParent]

<p>Good comments, phantasmagoric.</p>

<p>And phantasmagoric’s prediction (“HYPS become free to attend”) will come true someday.

<a href=“http://talk.collegeconfidential.com/12536709-post8.html[/url]”>http://talk.collegeconfidential.com/12536709-post8.html&lt;/a&gt;&lt;/p&gt;

<p>^ I’ve wondered whether such will happen with time. But that totally depends on whether there’s a ceiling for what money can buy, since prestige and financial assets are extremely correlated. In another 10 years, HYPS are going to have unbelievably huge endowments (even assuming a conservative 10-year annualized return of 10% would put H’s endowment at over $70 billion), and the schools a “notch below” (Duke, Columbia, etc.) are going to have endowments the size of YPS today. So the question is, what can’t money buy? HYPS will surely be completely free to attend in another 10 years. They’ll be paying professors absurd salaries to attract the best. They will be doing intense reconstruction to have the very best facilities. So it seems that no matter how much larger these “notch-below” schools’ endowments get, HYPS will always have much larger endowments, which will set the pecking order for things that determine prestige (faculty, facilities, even selectivity, which will certainly increase if HYPS become free to attend and tons more students apply). </p>

<p>

</p>