What is the old quip? A university is a giant hedge fund with a small education ... | Hacker News

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		projectramo on Dec 12, 2018 \| parent \| context \| favorite \| on: For-Profit College Chain Closes, Shutting Out Near... What is the old quip? A university is a giant hedge fund with a small education arm attached for tax benefits.

SilasX on Dec 12, 2018 [–]

I hadn't heard that one -- it says it perfectly!

I'd only heard a similar one, that General Motors is (was) a massive health care and pension bureaucracy with a car-making division.

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