[wastoute]

The question is, do they just sit and watch those endowments burn up or do they change under pressure? My guess is there will be a limit to how long they will hold out.

[Zhang Fei]

[The question is, do they just sit and watch those endowments burn up or do they change under pressure? My guess is there will be a limit to how long they will hold out.]

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Harvard’s endowment is $41b. Its recent annual operating budget was $4.5b. Even with fairly illiquid holdings, I suspect it will be a while before it has to cry uncle.