Harvard inflates wood ...

[grarpamp]

On 12/5/21, Gunnar Larson <g at xny.io> wrote:
> Digital Assets: Beauty Is Not
> in the Eye of the Beholder
>
>  " ... When recommendations by some consultants and the
> allocation of TIMBER by Harvard University’s endowment led to broad
> interest in
> the asset. Timber funds were launched with the understanding that they
> provided
> diversification and enhanced returns. Our analysis showed that timber did
> not add any value to our clients’ portfolios, and we recommended against
> investing in timber
> funds." -Goldman Sachs Investment Group (June 2021):
> https://drive.google.com/file/d/1yEQupX1a7VS4K6N018Y0SF_0v4lpJWz8/view?usp=drivesdk

Underperformed one sink of the FED commodity by at least 210%,
and barely beat real measures.