Love how academics and other "non-profits" are so generous with....

[football1irish]

Their payroll to themselves. Whether it's the American Cancer Society paying several employees over a $1MM a year or ND rewarding their Chief Investment Officer with $5.4MM in total compensation and their Director of Capital Investments more than $2.3MM. Compensating them like Hedge Fund Managers who rob their investors with their 2% and 20% fee structure while delivering net returns less than risk free treasuries???

ND why don't you eliminate these two guys and put all the assets in the widely diversified Vanguard Star Fund instead. Or mix it up between the Vanguard 1/2 bonds and 1/2 stock index fund and sprinkle some GLD, emerging markets index and international index and cash and you'll get more net returns for .10 bps vs. paying $10MM to under-perform the indexes.

You would think a non-profit would limit their costs and maximize salaries at $150,000 per year to keep tuition down. Nope instead charge $50,000 a year for an education that continues to grow less in value while compounding more than 3x's+ inflation due to the government guaranteeing student loans. With so many students getting a highly leveraged education the academics jacked up the tuition to ridiculous levels.

Of course all the big football schools academics steal from the $50MM+/- per year that ND and others make to pay themselves exorbitant salaries and then spin it that they have to pay market rates to attract and obtain "talent".

Finally sell kids that a college degree is a 40 year decision but then fail to tell them most will be only qualified for sales jobs when they graduate that pay a small base or pay 100% commission and will be no better to equipped to succeed at these jobs than a aggressive people with a lesser degree or no degree at all.

Making good and wise business decisions are not taught in the class room as Rocket Ismail can attest to. Probably all the ND academic bravado probably made him feel bullet proof and that he was wise in making so many poor investment choices in start-up companies while having no real world business experience.

I should have gone into coaching.....even Van Gorder is pocketing over $1MM a year to deliver a defense that can't stop anyone.

http://www.usatoday.com/story/sport...-salaries-charlie-weis-highest-paid/84458390/

http://usat.ly/1TkhXVl

 

[twalsh]

Their payroll to themselves. Whether it's the American Cancer Society paying several employees over a $1MM a year or ND rewarding their Chief Investment Officer with $5.4MM in total compensation and their Director of Capital Investments more than $2.3MM. Perhaps compensating them like Hedge Fund Managers who rob their investors with their 2% and 20% fee structure while delivering net returns less than risk free treasuries.

ND why don't you eliminate these two guys and put all the assets in the widely diversified Vanguard Star Fund instead. Or mix it up between the Vanguard 1/2 bonds and 1/2 stock index fund and sprinkle some GLD, emerging markets index and international index and cash and you'll get more net returns for .10 bps vs. paying $10MM to under-perform the indexes.

You would think a non-profit would limit their costs and maximize salaries at $150,000 per year to keep tuition down. Nope instead charge $50,000 a year for an education that continues to grow less in value while compounding more than 3x's+ inflation due to the government guaranteeing student loans. With so many students getting a highly leveraged education the academics jacked up the tuition to ridiculous levels.

Of course all the big football schools academics steal from the $50MM+/- per year that ND and others make to pay themselves exorbitant salaries and then spin it that they have to pay market rates to attract and obtain "talent".

Finally sell kids that a college degree is a 40 year decision but then fail to tell them most will be only qualified for sales jobs when they graduate that pay a small base or pay 100% commission and will be no better to equipped to succeed at these jobs than a aggressive people with a lesser degree or no degree at all.

Making good and wise business decisions are not taught in the class room as Rocket Ismail can attest to. Probably all the ND academic bravado probably made him feel bullet proof and that he was wise in making so many poor investment choices in start-up companies while having no real world business experience.

I should have gone into coaching.....even Van Gorder is pocketing over $1MM a year to deliver a defense that can't stop anyone.

http://www.usatoday.com/story/sport...-salaries-charlie-weis-highest-paid/84458390/

http://usat.ly/1TkhXVl

More inanity from the prince of inanity.

 

[SeanPol355]

Can I have fries with that?

 

[echowaker]

Their payroll to themselves. Whether it's the American Cancer Society paying several employees over a $1MM a year or ND rewarding their Chief Investment Officer with $5.4MM in total compensation and their Director of Capital Investments more than $2.3MM. Perhaps compensating them like Hedge Fund Managers who rob their investors with their 2% and 20% fee structure while delivering net returns less than risk free treasuries.

ND why don't you eliminate these two guys and put all the assets in the widely diversified Vanguard Star Fund instead. Or mix it up between the Vanguard 1/2 bonds and 1/2 stock index fund and sprinkle some GLD, emerging markets index and international index and cash and you'll get more net returns for .10 bps vs. paying $10MM to under-perform the indexes.

You would think a non-profit would limit their costs and maximize salaries at $150,000 per year to keep tuition down. Nope instead charge $50,000 a year for an education that continues to grow less in value while compounding more than 3x's+ inflation due to the government guaranteeing student loans. With so many students getting a highly leveraged education the academics jacked up the tuition to ridiculous levels.

Of course all the big football schools academics steal from the $50MM+/- per year that ND and others make to pay themselves exorbitant salaries and then spin it that they have to pay market rates to attract and obtain "talent".

Finally sell kids that a college degree is a 40 year decision but then fail to tell them most will be only qualified for sales jobs when they graduate that pay a small base or pay 100% commission and will be no better to equipped to succeed at these jobs than a aggressive people with a lesser degree or no degree at all.

Making good and wise business decisions are not taught in the class room as Rocket Ismail can attest to. Probably all the ND academic bravado probably made him feel bullet proof and that he was wise in making so many poor investment choices in start-up companies while having no real world business experience.

I should have gone into coaching.....even Van Gorder is pocketing over $1MM a year to deliver a defense that can't stop anyone.

http://www.usatoday.com/story/sport...-salaries-charlie-weis-highest-paid/84458390/

http://usat.ly/1TkhXVl

there's 30 wasted seconds i'll never get back.

 

[cgvr]

Their payroll to themselves. Whether it's the American Cancer Society paying several employees over a $1MM a year or ND rewarding their Chief Investment Officer with $5.4MM in total compensation and their Director of Capital Investments more than $2.3MM. Perhaps compensating them like Hedge Fund Managers who rob their investors with their 2% and 20% fee structure while delivering net returns less than risk free treasuries.

ND why don't you eliminate these two guys and put all the assets in the widely diversified Vanguard Star Fund instead. Or mix it up between the Vanguard 1/2 bonds and 1/2 stock index fund and sprinkle some GLD, emerging markets index and international index and cash and you'll get more net returns for .10 bps vs. paying $10MM to under-perform the indexes.

You would think a non-profit would limit their costs and maximize salaries at $150,000 per year to keep tuition down. Nope instead charge $50,000 a year for an education that continues to grow less in value while compounding more than 3x's+ inflation due to the government guaranteeing student loans. With so many students getting a highly leveraged education the academics jacked up the tuition to ridiculous levels.

Of course all the big football schools academics steal from the $50MM+/- per year that ND and others make to pay themselves exorbitant salaries and then spin it that they have to pay market rates to attract and obtain "talent".

Finally sell kids that a college degree is a 40 year decision but then fail to tell them most will be only qualified for sales jobs when they graduate that pay a small base or pay 100% commission and will be no better to equipped to succeed at these jobs than a aggressive people with a lesser degree or no degree at all.

Making good and wise business decisions are not taught in the class room as Rocket Ismail can attest to. Probably all the ND academic bravado probably made him feel bullet proof and that he was wise in making so many poor investment choices in start-up companies while having no real world business experience.

I should have gone into coaching.....even Van Gorder is pocketing over $1MM a year to deliver a defense that can't stop anyone.

http://www.usatoday.com/story/sport...-salaries-charlie-weis-highest-paid/84458390/

http://usat.ly/1TkhXVl

Malpas is a genius. Here's part of his "team".

FYI
http://news.nd.edu/news/61845-john-brennan-elected-chair-of-notre-dames-board-of-trustees/
"John J. Brennan, chairman emeritus and former chief executive officer of the Vanguard Group, was elected Friday (Oct. 16) chairman of the University of Notre Dame’s Board of Trustees, effective July 1.

Brennan joined Vanguard in July 1982. Headquartered in Malvern, Pennsylvania, Vanguard is one of the leading investment firms in the world, with current global assets of more than $3 trillion. Brennan was elected president in 1989 and served as chief executive officer from 1996 to 2008 and as chairman of the board from 1998 to 2009."

 

[DillonDomer]

Malpass is an absolute stud. He is a 6 star recruit in the financial services industry. Sure, index funds are a very solid and steady approach, but ND's endowment returns are way over the average. Keep in mind, beating the market by a percent or two is incredible. If he was working for some mutual fund or in private equity, he would be making 5-10x this amount - $25-50M (excluding any stock he would be getting).

If there is an issue here - it is the amount that actually gets funded back to the University, particularly for financial aid and merit dollars. Notre Dame does not participate in the National Merit program, where about the top half-percent (national merit finalists) get $2,500. ND gets their fair share of these students, but they don't get this scholarship. These students certainly deserve the $2,500 that comes from a nationally recognized program.

If you are familiar with financial aid, you probably know about the FAFSA. Well, ND uses the Institutional Methodology versus Federal Methodology. IM typically requires higher family contribution than FM. I will have 2 children in college next year with 1 at ND, and I have to pay $7k more using the IM than I would have using FM for ND. Why not use both and take the lower EFC between the two.

It looks like the earnings in the endowment were around $860M in 2015. About $317M of these earnings were funneled back to the University, but only around $100M was actually used for student aid. Sure, this is a lot of money, but ND continues to charge a premium amount for tuition which, in line with Catholic teaching, should be lower.

My wife works for a Catholic grade school and they could charge more for tuition since they are pretty full and typically have a few children on the waiting list and we live in a nicer area, but the diocese mandates that Catholic education needs to be affordable - so they don't price at market, they price at affordability for a large amount of families. As a result, her school is much more diverse than it would have been otherwise. ND should be using the same principles.

 

[schadenfreude]

Schools are not really charities. Or maybe you could consider them extremely inefficient charities.

 

[hvillebill]

I should have gone into coaching.....even Van Gorder is pocketing over $1MM a year to deliver a defense that can't stop anyone.

http://www.usatoday.com/story/sport...-salaries-charlie-weis-highest-paid/84458390/

http://usat.ly/1TkhXVl

From what I've read of your posts you couldn't coach a pee-wee team.

 

[Epictitus]

The OP is an idiot on the same scale of Duo and cgvr. God help us, why are they here?

 

[cgvr]

The OP is an idiot on the same scale of Duo and cgvr. God help us, why are they here?

Have you been on the campaign trail with Lou?

 

[football1irish]

Malpass is an absolute stud. He is a 6 star recruit in the financial services industry. Sure, index funds are a very solid and steady approach, but ND's endowment returns are way over the average. Keep in mind, beating the market by a percent or two is incredible. If he was working for some mutual fund or in private equity, he would be making 5-10x this amount - $25-50M (excluding any stock he would be getting).

Even Warren Buffet tells people to put their money in the S&P 500 Index and hold it for 20 years to maximize returns. Maybe this guy is about to get killed taking too much risk as the stock market is about to tumble with so much head winds and a market that's been overstimulated/manipulated by the federal reserve. Perhaps he's bilking his Wall Street contacts for information before it hits the markets like the Hedge Fund traders do. The bottom line is his returns won't last and paying him $5MM is a waste of money. Many other pension funds have realized that paying an army of analysts with CFA's and portfolio managers big money is a waste because after taxes and fees they always under-perform.

 

[football1irish]

From what I've read of your posts you couldn't coach a pee-wee team.

I'm truly shocked ND football has lost for 25 years and paid horrible coaches millions of dollars many years later.

You would think things would never have gotten this bad and ridiculous with mindbogglingly dumb decisions with such an intelligent and astute fan base.

So glad there are no enablers on this message board who sing Kelly and the admin's praises after every season for sub-par performance.

What a golden era of ND football we have lived through! Maybe next year we'll only lose 3 games we shouldn't!

 

[NDSMC78]

I'm truly shocked ND football has lost for 25 years and paid horrible coaches millions of dollars many years later.

You would think things would never have gotten this bad and ridiculous with mind mindbogglingly dumb decisions with such an intelligent and astute fan base.

So glad there are no enablers on this message board who sing Kelly and the admin's praises after every season for sub-par performance.

What golden era of ND football we have lived through! Maybe next year we'll only lose 3 games we shouldn't!

Total waste of space.

 

[echowaker]

I'm truly shocked ND football has lost for 25 years and paid horrible coaches millions of dollars many years later.

You would think things would never have gotten this bad and ridiculous with mindbogglingly dumb decisions with such an intelligent and astute fan base.

So glad there are no enablers on this message board who sing Kelly and the admin's praises after every season for sub-par performance.

What a golden era of ND football we have lived through! Maybe next year we'll only lose 3 games we shouldn't!

lost ? define that ?

 

[BGI User 348]

uhhhhh....I am WAY MORE upset that ND invited biden & obama to speak.........anti-catholics both!!!

 

[Toby Smart]

It's no surprise that message boards have become a forum to say things about people that the commentator would never say to them face to face. Tyrone, Charlie Weis, Tommy Rees, Dayne Crist, Joe Schmidt, Everett Golson, Brian Kelly continue to feel the wrath of those who can't, and never will. Soon you can add Malik or DeShone to that esteemed list. On the flipside, when you toot the horn at every breath the football program makes, well, that soon becomes nothing more than background noise and a cool way to hear yourself talk. That's why I enjoy the fair and balanced approach of Herbie on the national scene and Eris Hansen / Darin Pritchett locally. They are not perfect, but I get a lot of info from them that is reliable and sourced.

 

[NDEwing18]

uhhhhh....I am WAY MORE upset that ND invited biden & obama to speak.........anti-catholics both!!!

Biden, who is Catholic, is also anti-Catholic?

 

[BGI User 348]

Biden, who is Catholic, is also anti-Catholic?

Yep....without question.....biden....pelosi.....sebelius......abortionists all.

 

[NDEwing18]

Yep....without question.....biden....pelosi.....sebelius......abortionists all.

I don't think you understand what anti-Catholic means.

 

[echowaker]

uhhhhh....I am WAY MORE upset that ND invited biden & obama to speak.........anti-catholics both!!!

one can certainly be pro choice and a catholic.

 

[mjconnau]

Even Warren Buffet tells people to put their money in the S&P 500 Index and hold it for 20 years to maximize returns. Maybe this guy is about to get killed taking too much risk as the stock market is about to tumble with so much head winds and a market that's been overstimulated/manipulated by the federal reserve. Perhaps he's bilking his Wall Street contacts for information before it hits the markets like the Hedge Fund traders do. The bottom line is his returns won't last and paying him $5MM is a waste of money. Many other pension funds have realized that paying an army of analysts with CFA's and portfolio managers big money is a waste because after taxes and fees they always under-perform.

Malpass has averaged a 12.3% return over the last 20 years, and 9.85 over the last ten. During that same time the Vanguard index Fund, referenced earlier, has seen a 6.78% return. When you are investing $10 billion, a 3 percent difference annually quickly adds up.

And for the claim that his return "won't last", how many decades does he have to do it before you agree that it is lasting?

 

[twalsh]

Malpass has averaged a 12.3% return over the last 20 years, and 9.85 over the last ten. During that same time the Vanguard index Fund, referenced earlier, has seen a 6.78% return. When you are investing $10 billion, a 3 percent difference annually quickly adds up. And for the claim that his return "won't last", how many decades does he have to do it before you agree that it is lasting?

Yeah, to the tune of $300 million PER YEAR!!!! Thank you for putting the final nail into the inanity of this thread.

 

[football1irish]

Malpass has averaged a 12.3% return over the last 20 years, and 9.85 over the last ten. During that same time the Vanguard index Fund, referenced earlier, has seen a 6.78% return. When you are investing $10 billion, a 3 percent difference annually quickly adds up.

And for the claim that his return "won't last", how many decades does he have to do it before you agree that it is lasting?

OMG!!! ND found the world's greatest investor!!! I bet he was up 35% even in 2008 when the market was down 40% too! Even Warren Buffet wants to put his money with this Malpass guy who should be a household name with these Madoff type of returns.

Warren Buffet beat the market by buying a limited number of oligopolies deeply below their intrinsic value and held them for 20+ years to beat the index. Even Buffet hasn't done so hot over the last ten years. I certainly doubt the trustees would allow Malpass this kind of slack to take concentrated bets as if he missed there would be hell to raise. Hence why mutual funds are required to hold enough stocks to be considered "diversified".

With compounding returns so high why don't they drop the cost of tuition to like $10,000 a year then? With those kind of returns they would be able to waste money on exorbitant salaries for Swarbrick, Kelly and Van Gorder and still have the ability to drop tuition to make it more affordable for young kids. A catholic school wouldn't want to saddle young kids with $200,000 of student loan debt with such a soft job market and starting salaries 25% of this? Right?

 

[NDSMC78]

OMG!!! ND found the world's greatest investor!!! I bet he was up 35% even in 2008 when the market was down 40% too! Even Warren Buffet wants to put his money with this Malpass guy who should be a household name with these Madoff type of returns.

Warren Buffet beat the market by buying a limited number of oligopolies deeply below their intrinsic value and held them for 20+ years to beat the index. Even Buffet hasn't done so hot over the last ten years. I certainly doubt the trustees would allow Malpass this kind of slack to take concentrated bets as if he missed there would be hell to raise. Hence why mutual funds are required to hold enough stocks to be considered "diversified".

With compounding returns so high why don't they drop the cost of tuition to like $10,000 a year then? With those kind of returns they would be able to waste money on exorbitant salaries for Swarbrick, Kelly and Van Gorder and still have the ability to drop tuition to make it more affordable for young kids. A catholic school wouldn't want to saddle young kids with $200,000 of student loan debt with such a soft job market and starting salaries 25% of this? Right?

Are you really this dim?

 

[cgvr]

OMG!!! ND found the world's greatest investor!!! I bet he was up 35% even in 2008 when the market was down 40% too! Even Warren Buffet wants to put his money with this Malpass guy who should be a household name with these Madoff type of returns.

Warren Buffet beat the market by buying a limited number of oligopolies deeply below their intrinsic value and held them for 20+ years to beat the index. Even Buffet hasn't done so hot over the last ten years. I certainly doubt the trustees would allow Malpass this kind of slack to take concentrated bets as if he missed there would be hell to raise. Hence why mutual funds are required to hold enough stocks to be considered "diversified".

With compounding returns so high why don't they drop the cost of tuition to like $10,000 a year then? With those kind of returns they would be able to waste money on exorbitant salaries for Swarbrick, Kelly and Van Gorder and still have the ability to drop tuition to make it more affordable for young kids. A catholic school wouldn't want to saddle young kids with $200,000 of student loan debt with such a soft job market and starting salaries 25% of this? Right?

We should build a statue to the guy. I don't think you understand the fee difference between institutional investing versus mutual funds.

 

[twalsh]

Are you really this dim?

Very dim, and obviously very bitter about something.

 

[mjconnau]

With compounding returns so high why don't they drop the cost of tuition to like $10,000 a year then? With those kind of returns they would be able to waste money on exorbitant salaries for Swarbrick, Kelly and Van Gorder and still have the ability to drop tuition to make it more affordable for young kids. A catholic school wouldn't want to saddle young kids with $200,000 of student loan debt with such a soft job market and starting salaries 25% of this? Right?

Just a few points to address this:
1. Even at 62k a year, tuition only covers less than 40% of the University's annual operating budget.
2. Notre Dame meets 100% of demonstrated financial need, with the majority of the aid NOT being loans.
3. Notre Dame awarded $128 million in financial aid last year, with 65% of that coming from the endowment return.
4. The average loan debt from a graduating Notre Dame student is $16,000, or roughly 7% of the total cost to attend Notre Dame.

 

[twalsh]

4. The average loan debt from a graduating Notre Dame student is $16,000, or roughly 7% of the total cost to attend Notre Dame.

Dang, the SMC loan I am slowly but surely paying off was a good amount more than that.

 

[twalsh]

Just a few points to address this:
1. Even at 62k a year, tuition only covers less than 40% of the University's annual operating budget.
2. Notre Dame meets 100% of demonstrated financial need, with the majority of the aid NOT being loans.
3. Notre Dame awarded $128 million in financial aid last year, with 65% of that coming from the endowment return.
4. The average loan debt from a graduating Notre Dame student is $16,000, or roughly 7% of the total cost to attend Notre Dame.

Do you think he'll finally drop this thread??

 

[NDSMC78]

Do you think he'll finally drop this thread??

One can only hope.

 

[Kelso86]

Wow -- a thread where the replies were better than the original post -- but then again, look at the OP.

 

[football1irish]

Dang, the SMC loan I am slowly but surely paying off was a good amount more than that.

Quiet! The homers have an agenda they need to sell so don't put out real world examples that contradict their set talking points. My favorite statistic is unemployment is below 5% but with all the add backs it's closer to 10%.

The fact of the matter is education has risen far above inflation the last 20 years and a higher education bubble exists due in large part to the government guaranteeing the student debt. Once it pops it will be ugly with lot of people asking for forgiveness from student debt once the cost of education drops to more prudent levels.

 

[schadenfreude]

Quiet! The homers have an agenda they need to sell so don't put out real world examples that contradict their set talking points. My favorite statistic is unemployment is below 5% but with all the add backs it's closer to 10%.

The fact of the matter is education has risen far above inflation the last 20 years and a higher education bubble exists due in large part to the government guaranteeing the student debt. Once it pops it will be ugly with lot of people asking for forgiveness from student debt once the cost of education drops to more prudent levels.

There are already cheaper options. Students want the finest accommodations of modern higher education but want to pay 1960's prices. That is not going to happen.

 

[NDSMC78]

Quiet! The homers have an agenda they need to sell so don't put out real world examples that contradict their set talking points. My favorite statistic is unemployment is below 5% but with all the add backs it's closer to 10%.

The fact of the matter is education has risen far above inflation the last 20 years and a higher education bubble exists due in large part to the government guaranteeing the student debt. Once it pops it will be ugly with lot of people asking for forgiveness from student debt once the cost of education drops to more prudent levels.

What conceivable bearing does the rate of unemployment have to do with your original post?