Ackman's Harvard Hold

"Harvard is a hold. It still has many positive attributes - it has a strong brand, 400 year operating history, $51,000,000,000 endowment and huge real estate, but it has many challenges. The quality of the education has deteriorated, there's so many competitors, many talented people aren't going to traditional universities, they've misallocated resources and the endowment has been a chronic underperformer."