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BOSTON MAGAZINE BOSTON MAGAZINE ART DIRECTOR BETSY HALSEY ILLUSTRATION BILL MATER The funny part is, for Drew Faust and Harvard, everything was going so well. Since the historian had been sworn in as Harvard’s president, the university seemed back on track after the turmoil..... And then the world intervened and all the good news started to crumble. On November 10th of last year, Faust e-mailed a letter to the university’s faculty, students and staff. “Harvard is not invulnerable to the seismic financial shocks in the larger world,” she wrote. Investment banks were going out of business; the stock market was plummeting. “We need to be prepared to absorb unprecedented endowment losses.” Related topics: best secure investments golden m investments invest in the stock market james russell investment company invest in capital investment strategies for the age of global economic change retirement investment board investment banker association |