12/10/2012 04:47 pm ET Updated Feb 09, 2013

Paying Tuition To A Giant Hedge Fund

From its 1636 foundation Harvard had always ranked as America's oldest and most prestigious college, even as it gradually grew in size and academic quality during the first three centuries of its existence. The widespread destruction brought about by the Second World War laid low its traditional European rivals, and not long after celebrating its third centennial, Harvard had become the world's greatest university.

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