# Professor David Yermack offers insights on University endowment investment strategies

1 Faculty News October 12, 2019 ![Barron's logo](/sites/default/files/styles/246w/public/assets/images/con_031072.jpg?itok=FtY-yu99)>

Excerpt from [Barron's](https://www.barrons.com/articles/how-harvard-and-yale-missed-the-stock-market-rally-51570838957?mod=hp_LATEST) -- “'I think there is a general trend of exaggerating how well universities do,' says [David Yermack](https://www.stern.nyu.edu/faculty/bio/david-yermack), professor of finance at New York University Stern School of Business. 'Even the very top performers are lucky to do average, and as a group they do worse than average. They would all be better off if they just owned index funds.'”

[Read More](https://www.barrons.com/articles/how-harvard-and-yale-missed-the-stock-market-rally-51570838957?mod=hp_LATEST)