<p>I will be shocked if anyone is able to name a single school whose endowment did not take a hit this year. However, something does not add up. The S&P was 1444 on 1/1 and stands at 984 today. All those years of expensive education tell me that this is -31% :D, so I am not sure where the 12% number quoted in the article comes from. Perhaps the interview was done a while ago when the numbers looked better. The stuff about foreign investments doing better also does not add up, since foreign markets have not done any better:</p>
<p>[Summary</a> of several stock indices](<a href=“^N300 Interactive Stock Chart | Nikkei 300 Stock - Yahoo Finance”>^N300 Interactive Stock Chart | Nikkei 300 Stock - Yahoo Finance)</p>
<p>I call “BS”</p>