@Cue7 , I certainly didn’t mean to deny that Chicago has changed faster and harder over the past 20 years than any other comparable university undergraduate program. I would note, however, that some of its peers had pretty significant changes, too, if you go back 50 years or so. Women, Jews . . . .
Re endowment: I am not certain what you mean by mismanagement. As of the late 70s, no one’s endowment was that impressive by today’s standards (except, maybe, for the University of Texas, which had a great deal of oil). Endowments, including Chicago’s, had wonderful investment performance beginning in the 1980s. I think the Chicago endowment fell behind so much in the 80s and 90s because of the neat-collapse of the College in the early 50s, a time when its peers were positively booming. All those people who weren’t graduating from Chicago in the 50s and 60s weren’t donating their Reagan/Clinton era wealth in the 80s and 90s, and the people who did graduate then often felt ambivalent about their alma mater and had poor giving performance.