257 Harvard, the world’s richest university, is scrambling for cash. In just two months, it’s borrowed a staggering $1.2B. The entire elite university business model is now in heavy distress. How did Harvard, with a $50B endowment, end up here? Dig in: (media.greatawakening.win) posted 1 year ago by catsfive (context) 1 year ago by catsfive +257 / -0 48 comments download share 48 comments share download save hide report block hide replies
Simple. Cash flows allow leverage. No cash flow, no leverage. Greed is the root of all evil. Evil doesn’t know how to budget.. only take more.