Silent Archimedes

Archive for November 19th, 2008

Harvard’s rapidly shrinking endowment?

Posted by silentarchimedes on November 19, 2008

Over the past few weeks I have received emails from all the presidents of my alma maters regarding the respective university’s financial situation in this rapidly deteriorating economy. The emails all had the exact same outline. The serious tone was set right away. Followed by a reassurance of “don’t worry, the university has a good handle on the situation”. That the financial trustees have invested wisely and haven’t done as badly as most other colleges. Then by another serious tone that the university endowment will inevitably  be smaller at the end of the year, and to what extent it is not clear yet.

Harvard Yard

Harvard Yard

However, all universities have some envy with Harvard University’s financial position. Check out the endowment figures on Wikipedia. They have the largest endowment in the world, by far. In 2007 they had a $34.635 billion endowment, which completely dwarfs the second largest endowment, Yale University, $22.53 billion. Even a similar university like Princeton University has only an endowment of $15.787 billion (although Princeton does have the highest endowment per student figure, whereas, Harvard only ranks 5th in this category). The financial manager of Harvard’s endowment has a highly regarded position and has more responsibilities than most large investment firms.

I came across an article on Slate yesterday regarding the impact of the economy on Harvard’s endowment in 2008. Although it’s still unclear, and since Harvard is a private institution does not have to abide by the SEC regulations for the public disclosure of financial statements, there are many clues to its performance this year. In simple terms, it’s not looking good. But the question to ask is, why? With an endowment so large, so powerful and so stable, wouldn’t it actually be pretty easy to manage? Simply invest in the most stable and long-term entities out there? Why risk the entire university on risky investments? This seems partly true in the case with Harvard. As more comes out, it will be interesting to see what the final endowment figure is for Harvard (and for all other prestigious universities, for that matter) at the end of 2008.

Harvard’s Investment Errors – That’s where America’s greatest university is investing its endowment?

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Top 5 – Real World / Road Rules Challengers

Posted by silentarchimedes on November 19, 2008

I don’t know why, but one of my TV guilty pleasures is the Real World / Road Rules Challenges. I like how the guys get so into it, and the girls are so catty.

TOP 5 COMPETITORS

1. Timmy – He just doesn’t fit in the Challenges. He seems like an adult compared to the other guys. Says and does some pretty funny stuff sometimes though. But just an all-around nice guy that everyone respects.

2. Derrick – Derrick is the ultimate competitor and the fact that he is smaller than most of the guys makes him easy to root for. He never gives up and always competes to the limit. He can also show a sweet side when he and Diem were partners in the Fresh Meat episode. Derrick is always near or at the final challenge.

3. Kenny – OK, all he cares about is his looks and sometimes he’s an ass, but he has the funniest sound bites ever, and he makes it to the final challenges a lot.

4. Paula – Helping her own teammate but “pseudo-enemy” Susie to get the lifeshield in Inferno 3  knowing that Susie would probably put Paula into the final female Inferno? That’s ultimate team player. Plus, she’s an amazing athlete.

5. Alton – He has bad challenges sometimes (Giraffalo), but his climbing and build is too amazing. Overall a nice guy too.

Honorable Mention – Too bad Mike “The Miz” left to do wrestling. He was a fun guy to watch and usually a very good competitor. However, his last challenge was pretty bad for him. I think he had other things on his mind.

TOP 5 BAD COMPETITORS

1. CT – Way too high on himself and has absolutely no self-control. When he punched Davis for no reason before the season even started in Inferno 3, it just showed what a hooligan he is. His only nice guy moments were when he was smitten with Diem in the Duel.

2. Wes – Definitely knows how to play the game and is one of the ultimate competitors. However, a major sexist and didn’t get along with many others. Still amazed at how long him and Johana were together.

3. Beth – I won’t even waste space talking about her.

4. Brad – A CT wannabe. Calm down dude.

5. Susie/Cara – Cara not competing her hardest because she is looking out for her friend Susie and herself instead of the team? Susie picking Paula, the ultimate competitor, to go into the final Inferno instead of her worse competitor friend, Cara?

TOP 3 USELESS COMPETITORS

1. Ace

2. Colie

3. Davis

TOP 5 MOST ANNOYING COMPETITORS

1. Beth

2. Tonya

3. Tina

4. Robin

5. Aneesa

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Baseball as America’s Pastime continues to fall further into the past

Posted by silentarchimedes on November 19, 2008

Baseball is not a sport built for parity. It is not like the NFL where parity in a 16-game season promotes excitement and competition. It’s not like the NFL where each team has a strong base of hardcore fans and where most fans are fans of watching football as a sport. Football is more exciting to watch than baseball. The biggest complaint from casual sports fans about watching baseball is that it’s boring. This is apparent when we look at the popularity of college football versus that of college baseball or even the MLB minor leagues. Baseball’s lengthy 162-game season and similarly lengthy best-of five or seven game playoffs series are not conducive to small market teams like the Tampa Rays and Florida Marlins capturing the attention and excitement of casual fans around the country.

Penalty - horsecollar tackle

Penalty in football - horse-collar tackle

The drama of baseball takes too long to unfold in this day and age of “keep me interested right nowmentality. Baseball is about rivalries and story lines and history. It is about statistics and tradition. It can be agonizingly slow and frustrating. It’s not like football where all it takes is three hours to resolve the pent up competitive juices. Words you hear about in football are war, in the trenches, cold, frozen tundra, swirling winds, etc etc. Penalties include grabbing the facemask, unsportsmanlike conduct, taunting and horse-collar tackles. Imagine if any of those words are ever used near baseball. Baseball is too slow for this new era of extreme sports. This is why mixed martial arts is gaining popularity over its more traditional and more boring sport, boxing. Since when is boxing considered boring? This is why a sport like soccer continues to have difficulty gaining popularity in America. The sport takes too long to achieve satisfaction. Even a violent sport like hockey has had to transform itself after a period of low scoring games due to the NJ Devils’ inspired zone trap defense. The game now requires faster, younger athletes with more room to show their speed and skills. It was a matter of survival for the NHL, and baseball might be headed that way as well.

MLB Commish - Bud Selig

MLB Commish - Bud Selig

To make matters worse, two factors have had very negative effects on baseball. The steroid era has pushed baseball into a precipitice decline in popularity. The skepticism surrounding the genuity of sacred baseball records being broken during the steroid era has removed two of the main attractions I mentioned earlier, history and statistics. It has removed the excitement of slow journeys toward hallowed records and the respect given to such players. Remember the awe and respect of Cal Ripken when he broke Lou Gehrig’s consecutive games streak or when Mark McGwire and Sammy Sosa battled to break Roger Maris’ single season home run record. Of course, the second record is now seen with skepticism and is considered one of the defining moments of the steroid era. The fact that players have seemed unwilling to address the problem of the past ten years is disturbing. The feeling that the players rather protect their cheating teammates than the integrity of the sport leaves many traditional baseball fans disgusted. The second factor is directly related to the steroid era. Bud Selig, the baseball commissioner, has been a  complete travesty to baseball. Although he is good for the owners, fans see him as boring, slow,  biased and ineffective. He continues to brush over the steroid era and had to be fully pushed by even Congress before taking action. His decision to leave the All-Star Game a tie was horrible. And although his decision to add interleague play initially seemed a huge success, it has proven to be a hassle and distraction to fans. He seems unwilling to confront the problems of baseball and his biased views are shown in a somewhat condescending tone when pushed by the media or fans.

So what is baseball to do? For one thing, it needs a new commissioner. One that is younger and understands that baseball requires changes that appeal to younger fans but keeps the traditionalists happy. One that realizes that the steroid era can potentially destroy baseball forever unless a level of happiness is reached among all groups involved, including but not limited to owners, players, former players, Congress, traditionalists and new generation of fans. However, there are things about baseball that are at the roots of its tradition and changing them would prove good and bad. The Rays-Phillies World Series was a disaster. Television ratings have never been lower. However, baseball cannot change the playoffs to one game takes all because the lengthy journey of 162 games culminating in one 9-inning game seems unfair. Although why not? I bet if the World Series was one game, more people would definitely tune in to see who wins. If I’m a Yankees fan, why would I tune in to a best of seven between the Rays and Phillies? Especially when football is on or I can watch DVDs or do something else. However, if it was a 3 hour event, like the Super Bowl, I’d be willing to watch it and even make a social event out of it. Baseball has to be willing to face the problem of why it is declining in popularity. It has to be open to innovation and the possibility of changing tradition for the better of the sport. It has to also lean on the teams that make it a popular sport, like the Yankees, Red Sox, Dodgers and Cardinals. Just like the NBA, which always does much better when popular teams like the Knicks and Celtics do well. With the Knicks in a multi-year doom and gloom, NBA has lost a lot of its luster.

Kids and video games

Kids and video games

However, I believe it will be difficult for baseball to regain its name as America’s pastime. It’s a sport that has lost its appeal, most likely for good. Children have more interest playing football, basketball and even soccer than baseball. Inner city kids almost exclusively play basketball now. Nowhere is stickball or other variants of baseball being played in city streets and playgrounds. Additionally, there are too many other things to keep kids occupied nowadays. Video games, internet and hi-def television are far more intriguing options than watching baseball or even rounding up atleast 10 of his or her friends to play a game.

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