Earlier this month, Bill Ackman made it clear that he is on Trump’s side in his ongoing battle with Harvard. He correctly suggested that Harvard has become “a political advocacy organization for one party.” One of the reasons why Harvard is in a panic over this fight is because their famously huge endowment is not nearly the financial powerhouse people think it is. It may be large, but it’s not liquid. Ackman recently broke it down in a lengthy post on Twitter/X: I believe it is likely @Harvard’s that financial position is overstated by the media and the general public. I believe this is principally for two reasons. One, people ignore Harvard’s $7.9 billion of debt outstanding, which is likely to increase in order for…
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