On Feb 9, 2007, at 11:05 AM, Michael Perelman wrote:
> Herbert Pug Winokur was a member of the Harvard Corporation while
> serving as Enron's
> Finance Chairman.
I'm shocked you would suggest that! Chinese walls and all that.
> Even if that is too conspiratorial, wouldn't Harvard have access
> to inside information?
You might think. Someone from one of Yale's unions told me once that they suspected that alums threw them sweet deals (both Harvard & Yale have lots of private equity, unlike more humble universities) and whispered sweet somethings in their ears - but they were never able to prove it. I'll just say that it's nearly impossible to beat the averages by a wide margin year after year using conventional techniques. Buffett used to be able to do it, and Soros did for decades, but there aren't many of them.
Doug