To pick up from Warp Whistle 11 of “The Investor’s Warp Whistles,” what follows are specific examples of administrative bloat as well as lessons from what a college looks like today. Administrative Bloat These excessive expenditures serve to enhance the university’s brand or to attract prospective students—but they do nothing to improve the quality of […]
Prologue The morning he stepped out of South Station, Boston felt like a verdict. Wet brick, ferry horns, the shiver of a gull’s cry over steel water. He stood a moment under the awning with his father’s old briefcase in hand, breath wisping pale, and watched the crowd carry its coffees toward another ordinary day. […]
