News

In Fight Against Trump, Harvard Goes From Media Lockdown to the Limelight

News

The Changing Meaning and Lasting Power of the Harvard Name

News

Can Harvard Bring Students’ Focus Back to the Classroom?

News

Harvard Activists Have a New Reason To Protest. Does Palestine Fit In?

News

Strings Attached: How Harvard’s Wealthiest Alumni Are Reshaping University Giving

Woeful Yalies Learn Evils of Stock Market

NO WRITER ATTRIBUTED

The American spirit of private enterprise took an unusual turn at Yale recently when Economics instructor Robert E. Will, who believes that "No student can really understand the market until he has lost a few genuine dollars in it," proceeded to collect $600 from his class and show them the quickest way to lose it.

Will invested the money in Bristol, Ltd., a Canadian oil company, which has fallen considerably in value, tumbling another ten percent just after Will sold it. But the instructor did not seem disturbed.

"This loss will afford much worthwhile insight into the virtue of prudence and the value of money," he explained.

Want to keep up with breaking news? Subscribe to our email newsletter.

Tags