No. of Recommendations: 9
"But Yale is not the only university that has placed a bet on digital currency. Earlier this month, The Information, a technology-oriented news outlet, reported that the University’s peer institutions, including Harvard, Stanford and MIT, have also invested their endowments in cryptocurrency funds."

Are those endowment funds suckers too? That's institutional money! And Facebook??? I guess they are suckers too.

Yes. Call them suckers, lemmings, whatever you want. One of the important lessons I'm sure they teach those young genius endowment managers at Harvard Business School, is if you want to keep your job don't stick your neck out too far. Go with the herd. If everybody's investing in it, invest at least a little bit into it too, so nobody can blame you for missing some fabulous investment. And if it fails, you can point out that everyone else made the same mistake.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.