contrarian@coalmine

Performance for Harvard, Yale Endowments in 2008

Flamorte...You state, "he may not always be right, butr he is not mendacious in his representation of his fund's methodology"...but that's not my point, nor the point of this particular blog. If your mentor is not marking to market, then it's not exactly an apples to apples presentation of 2008 returns relative to the market or peer performance.

I'm up 50% this year if I don't calculate unrealized losses into my performance...but no one would, or should, bother blogging about that achievement.

And, by the way, I'm not going to buy the non-mercenary philosophy of Ivy League endowment managers...afterall, who is the new CEO of Pimco...