{"id":4008,"date":"2024-10-25T01:40:44","date_gmt":"2024-10-25T05:40:44","guid":{"rendered":"https:\/\/www.profitless.com\/?p=4008"},"modified":"2024-10-25T01:45:18","modified_gmt":"2024-10-25T05:45:18","slug":"the-princeton-university-endowment-fund-is-laughably-bad","status":"publish","type":"post","link":"https:\/\/www.profitless.com\/?p=4008","title":{"rendered":"The Princeton University endowment fund is laughably bad"},"content":{"rendered":"<p>Want to feel better about underperforming the market by actively managing your IRA? Well, you&#8217;re probably beating Princeton as its <a href=\"https:\/\/www.barrons.com\/articles\/princeton-endowment-lags-heres-why-18df1167\">endowment fund returned just 3.9 percent<\/a> in its last fiscal year, underperforming even treasury bills during the same period.<\/p>\n<p>It&#8217;s not a fluke, either. From the <a href=\"https:\/\/www.barrons.com\/articles\/princeton-endowment-lags-heres-why-18df1167\">same article<\/a>: &#8220;During the past 10 years, Princeton\u2019s endowment has returned an annualized 9.2%, behind the S&amp;P 500 at 12.9%&#8221;<\/p>\n<p>Why do Ivy league schools have actively-managed, high-fee funds anyway? Is this some form of graft?<\/p>\n<p>If you want to follow them down their underperform rabbit-hole, be sure to check out their <a href=\"https:\/\/princo.princeton.edu\/about\/investment-strategy\/\">investment strategy page<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Want to feel better about underperforming the market by actively managing your IRA? Well, you&#8217;re probably beating Princeton as its endowment fund returned just 3.9 percent in its last fiscal year, underperforming even treasury bills during the same period. It&#8217;s not a fluke, either. From the same article: &#8220;During the past 10 years, Princeton\u2019s endowment [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[136],"tags":[137],"class_list":{"0":"post-4008","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-losses","7":"tag-princeton"},"acf":{"sources":null},"_links":{"self":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4008","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4008"}],"version-history":[{"count":4,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4008\/revisions"}],"predecessor-version":[{"id":4012,"href":"https:\/\/www.profitless.com\/index.php?rest_route=\/wp\/v2\/posts\/4008\/revisions\/4012"}],"wp:attachment":[{"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.profitless.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}