Endowment RETURNS should count as cash flow. Not the endowment SIZE.
It's CASH FLOW that's important. Whether it's CASH FLOW from the Federal government or ENDOWMENT... it's CASH FLOW that's important.
Arcidiacono nails Harvard again for hiding preferences with fake black admits
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^ Never understood America’s obsession with blacks. What’s the deal?
Created jazz, rock, hip-hop and reggae.
Commits over half of US violent crime, net government fiscal impact of -$1M over average lifetime, displaces higher skilled applicants in school and work.
I'll keep my Mozart and Chopin, thank you very much.
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Asian Bros,
Why is the concern always on the Black students... and not the white people.
It’s not us f@cking you over. It’s them.
Don’t let them pit us against each other. It’s a waste of our time.
-A Black BroThis is on the money. No one forced Harvard to disproportionately punish Asians to make room for other admits. Why are other ethnic groups less affected by these policies? If Harvard were to disproportionately put the burden on talented Caucasian or J*wish individuals, it would immediately be called out.
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Asian Bros,
Why is the concern always on the Black students... and not the white people.
It’s not us f@cking you over. It’s them.
Don’t let them pit us against each other. It’s a waste of our time.
-A Black BroThis is on the money. No one forced Harvard to disproportionately punish Asians to make room for other admits. Why are other ethnic groups less affected by these policies? If Harvard were to disproportionately put the burden on talented Caucasian or J*wish individuals, it would immediately be called out.
Nope
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Asian Bros,
Why is the concern always on the Black students... and not the white people.
It’s not us f@cking you over. It’s them.
Don’t let them pit us against each other. It’s a waste of our time.
-A Black BroThis is on the money. No one forced Harvard to disproportionately punish Asians to make room for other admits. Why are other ethnic groups less affected by these policies? If Harvard were to disproportionately put the burden on talented Caucasian or J*wish individuals, it would immediately be called out.
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http://public.econ.duke.edu/~psarcidi/recruit_reject_11_4.pdf
Over the past 20 years, elite colleges in the US have seen dramatic increases in applications. We provide context for part of this trend using detailed data on Harvard University that was unsealed as part of the SFFA v. Harvard lawsuit. We show that Harvard encourages applications from many students who effectively have no chance of being admitted, and that this is particularly true for African Americans. African American applications soared beginning with the Class of 2009, with the increase driven by those with lower SAT scores. Yet there was little change in the share of admits who were African American. We show that this change in applicant behavior resulted in substantial convergence in the overall admissions rates across races yet no change in the large cross-race differences in admissions rates for high-SAT applicants.I applaud Harvard for doing this, they are simultaneously achieving two things:
1.) destroying the prestige of top tier colleges
2.) even further constraining the number of people who get in on merit. If you’re a middle class white or Asian guy who went to Harvard, that’s extremely impressive
A hedge fund I used to work at would speculate on who was a diversity or sports admit and who was a merit admit. Highly selective employers aren’t this stupid. These admits accomplish nothingFirstly, the signaling of top tier colleges was already destroyed based on legacy and donor admissions.
Secondly, the affirmative action admits do get a much better education with much better professors than they would at their public state school, so it does have some benefit for them from an education standpoint. -
But I heard that Black classmates PROBABLY had to overcome higher hurdles than me (I'm Asian).
Even with a supposedly anti-stereotyping stance, the woke crowd relies heavily on stereotypes for their arguments: All blacks are poor and face constant hurdles, while all Asians are children of rich immigrants and thus are privileged.