Applauding the Review, But Questioning the Forecast

President Eisgruber has been a steady hand at the wheel during turbulent times for other highly competitive universities. Further, applaud his serious budget reviews. However, two points. First, those whose performance exceeds expectations should be rewarded. Second, it’s unclear why there is such a conservative forecast on investment returns. The U.S. stock market is at record levels currently. Certainly a drop is possible, but the current administration — with which Princeton may not agree — is taking every possible action to increase stock market performance.