Druckenmiller – The Symbolism Of Divestment Is Not Worth The Sacrifice

The Symbolism Of Divestment Is Not Worth The Sacrifice by Stanley Druckenmiller, The Bowdoin Orient

The Bowdoin Investment Committee, on which I serve as chair, has one goal: to earn the highest return on the College’s endowment over time. I am happy to report that the most recent figures show three-, five-, and ten-year annualized returns for Bowdoin’s endowment that were all in the top fifth percentile among comparative colleges and universities.

In her opinion piece (“We demand that trustees put aside conflicts of interest and take action” – The Bowdoin Orient, April 15, 2016), Isabella McCann offers a misguided insinuation about my motivation for not favoring divestment from the fossil fuel industry. At various times, my...