In a series of tweets on Wednesday, he cited a New York Times op-ed to attack the Ivy League school for supposedly paying excessive fees to hedge funds that manage Yale's endowment, while spending a fraction of the amount on students.
This seems reasonable. http://t.co/MBkO4NzhnM
- Gladwell (@Gladwell) August 19, 2015Yale's endowment spent $480 million paying its hedge fund managers last year and $170 million on its students.
- Gladwell (@Gladwell) August 19, 2015I was going to donate money to Yale. But maybe it makes more sense to mail a check directly to the hedge fund of my choice.
- Gladwell (@Gladwell) August 19, 2015Why doesn't Yale spin off its university division and concentrate on its core money management business?
- Gladwell (@Gladwell) August 19, 2015All the Wall Street analysts are in agreement: time for Yale to shed the declining legacy educating business.
- Gladwell (@Gladwell) August 19, 2015If a hedge fund guy gives millions to the Yale endowment and then gets millions back for managing the same endowment, what is that called?
- Gladwell (@Gladwell) August 19, 2015It's masturbation. Only with money.
- Gladwell (@Gladwell) August 19, 2015Masturdation
- Gladwell (@Gladwell) August 19, 2015Tax deductible self-pleasuring. TDSP. I believe that's the technical term.
- Gladwell (@Gladwell) August 19, 2015Does this mean that if I spend four years at a hedge fund I get a Yale degree?
- Gladwell (@Gladwell) August 19, 2015