Financial Markets final

1. Why was the Yale portfolio primarily in bonds and other “safe” investments? • Yale was following the best practice advice of Joe McNay • Yale did not want the strong variation that are common in investment • Yale had too much money for other investments • Yale did not have a portfolio manager 2. Which of the following is NOT an example of moral hazard? • Lying about farming yields to collect insurance money. • Neglecting to replace smoke detector batteries when ins...