Harvard's endowment loses the GDP of a small country in 5 months

By Megan McArdle
According to the Journal, it's dropped 22% since June 30.  I assume this puts the kibosh on their plans to offer free tuition to everyone except the very affluent.

This article available online at:

http://www.theatlantic.com/business/archive/2008/12/harvard-apos-s-endowment-loses-the-gdp-of-a-small-country-in-5-months/4415/