The Washington Times - December 3, 2008, 10:25PM

Harvard University‘s endowment has long $8 billion over the past four months, the steepest decline in the Ivy League school’s history, the Boston Globe is reporting.

This does not bode well for the business school.


Still, even with the $8 billion loss, Harvard has an endowment of nearly $29 billion, which is quite a chunk of change. Excuse the colloquialism — quite a cache of currency. Harvard hasn’t hit the skids yet. You hear that, Princeton?