December 12, 2008
News Analysis: Colleges That Are Cutting Might Want to Consider, What Would Warren Do?
Warren Buffett drew gasps of admiration this fall when, in the midst of a market meltdown, he swooped in to acquire sizable hunks of General Electric and the investment bank Goldman Sachs for a relative song.
Perhaps the country's well-endowed colleges need a Buffett moment of their own—not to invest in the financial markets, but to invest in themselves.
That's not quite the way most colleges appear to be responding. With endowment values plummeting, scores of
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