Harvard Business Review

JUNE 10, 2014

Those who manage money for higher education, I propose, need to get much more interested in the market they are in. The National Association of College and University Business Officers Study on Endowments reveals that endowments are performing enviably — with returns of near 12% in 2013. They’re quite good at it, on the whole.

Real Estate 8

Real Estate Education Disruptive Innovation Asset Management 8

Harvard Business Review

JANUARY 8, 2014

Every day somebody is proclaiming a new one , arguing that there isn’t one , proposing ways to prevent one , or complaining about how hard they are to prevent. They’ve also characterized the San Francisco Bay area’s real estate market over a far longer period. And the definitions that do get offered can vary pretty dramatically.

Price 8

Price Finance Definition Uncertainty 8

Harvard Business Review

APRIL 9, 2013

The only way you can avoid losing money on your investment is for a greater fool to come along — in the case of real estate, a greater fool backed by an even-greater-fool lender — and take the asset off your hands. Bitcoins have no intrinsic value. They lay claim to no stream of future earnings.

Price 9

Price Constraint Real Estate GDP 9

Harvard Business Review

NOVEMBER 21, 2012

Then there's the Byrd rule , a measure first proposed by Senator Robert Byrd in 1985 that was intended to stem a growing tendency to put everything through reconciliation. So now, in 2013, they're all due to expire. real estate market showing signs of recovery, this is probably a better time to talk fiscal restraint than two years ago.

Budgeting 8

Budgeting Bond Committee Commitment 8