Word: medians
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...overly conservative strategy in the wake of the losses of the past year. HMC managers were extraordinarily successful before 2008, and one bad year should not collapse our faith in their investment acumen. In the 10-year period ending in fiscal year 2008, the Harvard endowment outperformed the median institutional fund by 7.7 percent per year. Had it earned the median institutional fund rate, endowment assets would have been $23.5 billion less. Moreover, Harvard’s money czars are far from alone in their shortcomings this year. Yale’s endowment fell 30 percent in the past fiscal...
...index fell roughly 28 percent during the period addressed by Mendillo’s letter, while peer investment groups as measured by the Trust Universe Comparison Service saw a softer median loss of 18.2 percent...
...rein in those twin vampires, but together they can still exceed what folks in many other states pay for state income tax, local property tax and homeowner's insurance combined. And whereas high-cost states like New York, California and Illinois also have some of the country's highest median incomes, Florida's is in the bottom half...
...rest of their leaders do. Homeowners, especially in Broward and Miami-Dade, have been falling out of their flip-flops in recent days as they open their preliminary property-tax notices to find increases of 15% or more. That's sizable in a low-income region where the median property-tax bill is already some $3,000, and it's doubly frustrating given that property values have slid by some 25% during Florida's housing bust. Residents have barely digested the recent news that their hurricane-insurance premiums, which can top $5,000 a year for most South Florida homes...
...Bipartisanship did not mean capitulating to median views or special interests, but using the power of persuasion to bring along legislators from both parties behind his core principles—in this case, expanding health coverage for those in need. This pragmatism and legislative craftsmanship, coupled with his liberal convictions, made Kennedy unique in the Senate. His decades of public service were always purpose-driven, as he advocated on behalf of those most in need of health care, education, housing, and the basic elements of human dignity. To highlight this liberalism is not to politicize his legacy...