Higher Education: Resources and Finance

By Seymour E. Harris | Go to book overview

policies of seven IHL. As we said elsewhere, the distribution among large categories--e.g., stocks, bonds, real estate--does not vary nearly so much as in the earlier part of the century. But striking contrasts are to be found in the distribution among industries. Thus a comparison of MIT and Harvard, both in Cambridge,2 is given in Table 41-1.


TABLE 41-1
Per Cent Investments in Common Stocks
Stock1956
MIT
1955
Harvard
Oils2023
Chemicals166
Automobiles173
Public utilities829
Banks and insurance815

FOOTNOTES
1
The analysis in this chapter was prepared by Saul Hymans, now of the University of California and formerly my research assistant, and is based on studies of investments since 1929 in the following IHL: Brown, Chicago, Dartmouth, Harvard, MIT, Princeton, Wesleyan.
2
Material in this chapter comes from treasurers' and comptrollers' financial reports of the seven IHL.

-495-

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