Does being an Ivy-Leaguer endow one with an intellectual reach that exceeds one’s grasp?
Case in point, the storied chaps at Harvard bet their billions that they were smarter than the market: Wrong
Harvard University’s failed bet that interest rates would rise cost the world’s richest school at least $500 million in payments to escape derivatives that backfired.
Further, Barack Obama bet that his Harvard-acquired education and billions in taxpayer dollars “invested” under the guise of economic stimulus would be enough to lead a nation and create millions of new jobs: Unsurprisingly, wrong.
Data published Thursday showed contracts from the $787 billion economic stimulus created or saved 30,083 jobs…
And finally the highly respected Harvard graduate Matt Birk, who many thought would finish his NFL career with the Minnesota Vikings, left in favor of a substantially similar offer from the Baltimore Ravens earlier this year. Birk ostensibly bet his chances of winning the Super Bowl would be greater in Baltimore: Surprisingly, wrong.
MINNEAPOLIS – As Steve Hauschka’s potential game-winning kick sailed wide left, nearly all of the Ravens on the sideline dropped their heads in unison, feeling another last-minute punch in the gut in a season that continues to veer off course.
It just goes to show a Harvard education is no guarantee of success. In the now legendary words of Forest Gump’s momma: “stupid is as stupid does.”