ERIC Number: EJ883911
Record Type: Journal
Publication Date: 2009
Reference Count: N/A
No Time for Timidity: A "Buffett" Approach to Weathering the Economic Crisis and Coming out Ahead
Hesel, Richard A.; Strauss, David W.; Edwards, Benjamin G.
Trusteeship, v17 n3 p25-29 May-Jun 2009
The counterintuitive approach of the world's greatest value investor, Warren Buffett, may be the best hope for colleges and universities during this recession. Buffett's time-tested philosophy of seeking value and investing for the long term remains a sound approach, even if his short-term returns have declined along with those of the rest of the world in the current downturn. This article presents four instructive cases of innovative actions: Hendrix College, Virginia Polytechnic Institute and State University, Worcester Polytechnic Institute, and Duke University. The four represent quite different situations, institutions, and responses, but each demonstrates a variation on the Buffett approach: finding and embracing opportunity in troubled times.
Descriptors: Engineering Education, Educational Innovation, Change Strategies, Public Colleges, Private Colleges, Money Management, Governing Boards, Trustees, Expenditures, College Administration, Administrative Principles, Educational Finance, Economic Climate, Financial Policy, Budgeting, Investment, Financial Problems, Long Range Planning, Economic Opportunities
Association of Governing Boards of Universities and Colleges. 1 Dupont Circle Suite 400, Washington, DC 20036. Tel: 800-356-6317; Tel: 202-296-8400; Fax: 202-223-7053; Web site: http://www.agb.org
Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Authoring Institution: N/A
Identifiers - Location: Arkansas; Massachusetts; North Carolina; Virginia