<p>Hallowarts, the eight percent figure seems high to me. Princeton’s investment strategies are similar to Yale’s and I’m going to bet that the return this year will be similar to Yale’s as well, that is, somewhere between four and five percent. Even this would be a triumph in the face of these markets but I believe eight percent is unlikely. The real test will be to see what all of these schools achieve next year. It could be very ugly.</p>