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ERIC Number: EJ883911
Record Type: Journal
Publication Date: 2009
Pages: 5
Abstractor: ERIC
Reference Count: N/A
ISBN: N/A
ISSN: ISSN-1068-1027
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.
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
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers - Location: Arkansas; Massachusetts; North Carolina; Virginia