Prices are down and markets are hurting. Some might think it’s a buyer’s market out there (we couldn't tell you—we're barely passing Ec 10). So what has Harvard been investing in? Well, BJ Services, for one. Marvel comics and Chipotle burritos, too.
BJ Services, which markets itself on its Web site as specializing in “pressure pumping…stimulation and coiled tubing services worldwide,” has captured over $24 million of Harvard’s money. We sure hope that investment brings explosive returns.
Harvard also helps support the financiers of your friendly neighborhood Spider-Man. We own over $45 million worth of shares in Marvel Entertainment. (Now, if only Superman could fix our endowment woes in between defeating Lex Luthor and saving Metropolis…)
Harvard has $4,000 dollars invested in Chipotle Mexican Grill, which makes you wonder about how in touch Harvard’s administration is with the gastronomic elements of Cambridge. While Chipotle is good, we all know that Felipe’s and Noch’s come through for that "midnight" snack at 2 a.m.
Maybe Harvard would be better off gambling its endowment on horse races, or by purchasing 1,458,209 stocks of a Web site that lets you gamble on horse races online, like Youbet.com. Oh wait...we’ve already done that.
Feel free to check out what other stocks Harvard owns here.