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Bill Ackman: "One thing I believe is that the private equity, venture capital and real estate portfolios are mismarked"
Ackman on Harvard and Yale endowment's exposure to private equity and VC.
From his recent interview at University of Austin
Wow!!!! I never expected to hear this. The devil is in the details!!! Here I thought Harvard was well off and yet they got drunk on debt like the rest of America
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Amazing, right? If even Harvard fell into this trap, imagine the rest. The details really do make all the difference.
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