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Centennial history carnegie institution washington volume 1 | History and philosophy of physics and astronomy
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May 6, 2021
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David F. Swensen ’80 Ph.D., whose revolutionary approach to managing Yale’s endowment, warmth of spirit, and personal integrity made him one of the world’s most admired institutional investors and a beloved member of the Yale community, died May 5 in New Haven, after a long battle with cancer. He was 67.
Self-confident, selfless, spirited, and guided by a finely tuned moral compass, Swensen assumed management of Yale’s endowment in the mid-1980s, when he was in his early 30s and the endowment stood at $1.3 billion. In the decades to come, he won international renown for an approach to institutional investing that emphasized diversification beyond publicly traded stocks and bonds, especially with illiquid and alternative assets, for his commitment to ethical action in work and life, and for financial results.
Dear Members of the Yale Community,
I write with profound sadness to share the news that David Swensen, Yale’s chief investment officer, died yesterday evening after a long and courageous battle with cancer. David served our university with distinction. He was an exceptional colleague, a dear friend, and a beloved mentor to many in our community. Future generations will benefit from his dedication, brilliance, and generosity.
After receiving his Ph.D. in economics from Yale in 1980, David worked for Salomon Brothers and Lehman Brothers before returning to Yale in 1985 to lead our investments office. With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors. Over the years, he lectured in Yale College and the School of Management. On Monday, he and long-time friend and colleague Dean Takahashi taught the last class of the term for Investment Analysis, a seminar they co-instructed for thirty-five years. David was an incorpo
Tiny Mercury Was Likely Our Inner Solar System s Lone Survivor
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The Great Debate of 1920: how it changed astronomy
April 28, 2021 at 10:10 am
In 1920, astronomers Harlow Shapley and Heber Curtis came together to take part in the Great Debate about the scale of the Universe. But what ultimately, was astronomy’s Great Debate about, and how did it change the way we look at the Universe?
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Harlow Shapley, a 34-year-old journalist-turned-astronomer, must have been nervous when he climbed the stage in the Baird Auditorium of the Smithsonian Museum of Natural History in Washington, DC on 26 April 1920. Facing him was a crowd of fellow scientists and lay people alike.
On stage after Shapley would be his opponent in the Great Debate, eminent astronomer Heber Curtis – a man 13 years his senior, more experienced and eloquent at speaking, and who disagreed with Shapley on just about everything.
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