Word: short
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Dates: during 1970-1979
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There are two types of costs associated with divestiture: one-time costs (brokerage commissions and short-run price effects) and recurring annual costs. Harvard estimates the one-time costs at $5-15 million. But even the "low" estimate of $5 is based on inflated brokerage commissions. Moreover, no one is calling for instantaneous divestiture; if the stocks were sold over a period of a year or so, the cost would be considerably less. In any case, Harvard normally turns over 20-30 per cent of the portfolio each year. More realistic estimates, based on Stanford University's figures...
...novel is full of descriptive passages of up-state winters, seasonal changes which echo emotional changes in Dubin. Long desolate winters filled with blizzards and despair are followed by short ecstatic springs filled with hope, and reunions with Fanny...
Hooft, who became only the seventh player in Harvard's history to score 1000 points, passed the millennial mark with a short one-handed jumper from inside the lane which rolled around and around the rim before dropping in. After a short standing ovation from the thousand fans on hand at the IAB, Hooft went on to score 22 more points to finish his career with 1021 points...
...Harvard senior Geoff Stiles soared to a new IC4A record in the pole vault, the Crimson two-mile relay team simultaneously qualified for the nationals--falling just short of track powerhouse Villanova, which went on to capture the team championship yesterday at Jadwyn Gym in Princeton...
...want it short and bittersweet, it was ultimately a five-goal Yale outburst in the second period which turned a 2-0 Harvard lead into a three-goal dencit. And though the Crimson would outscore the Bulldogs 3-1 in the final frame, this momentary collapse eventually took the form of a death blow...