Comment by jakelazaroff
10 months ago
Most of it is not discretionary, no matter what words random Internet commenters use to describe it.
10 months ago
Most of it is not discretionary, no matter what words random Internet commenters use to describe it.
I am replying to the GP. GP must be mistaken. It was Harvard’s choice to operate this way financially
I understand. I am saying they are correct that much of Harvard's endowment is not discretionary, even if they accidentally used a term that implies that it is.