Word: externallyã
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...Aleksey also distributed to his prospective employers a seven minute video modestly entitled “Impossible is Nothing,” in which he imparts his “principles to personal development”: “success must first be conceived internally before it is manifested externally?? and “failure cannot be considered an option” among other vacuities...
Keeping part of the endowment internally managed is important not just because of savings on management fees. A “hybrid” endowment—one managed both internally and externally??allows Harvard to reap returns from areas that endowments piecemealed out to hedge funds can’t touch. Harvard can also make moral decisions with its internal money, like it did last year when the Harvard Corporation directed HMC to divest from PetroChina. By speaking out against “high” salaries at HMC, members of the Class of 1969 are effectively...
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