Isaiah Thomas’ final shot comes up short as Heat edge Lakers

first_img Lakers prioritize rest over practice as injuries mount Lakers’ Lonzo Ball finds himself in another shooting slump Newsroom GuidelinesNews TipsContact UsReport an Error “That’s what he’s made his career off of, making big shots,” said Randle, who had a verbal dispute on the bench with Thomas two nights earlier in Oakland, “so I have no problem with it at all. Confident in him.”Lakers rookie Lonzo Ball finished with nine points, eight rebounds and eight assists, but was no match for Miami All-Star point guard Goran Dragic, whose 30-point outburst included the teardrop in the lane with 15 seconds left that proved to be the game-winner.The Lakers committed 20 turnovers leading to 20 points for the Heat.“We were telegraphing our passes and passing out of motion and they were getting (deflections),” Walton said. “We couldn’t even make a post pass tonight, which is basic fundamentals of passing. So that is frustrating.”Walton went on to say that the Heat were “tougher” than the Lakers.Before Dragic’s go-ahead bucket in the final minute, the Lakers appeared set to escape with the win. With 1:23 left, Brook Lopez passed out of a double team to Kyle Kuzma, who knocked down his first 3-pointer of the night from the top of the key.“(Lopez) was killing it all night,” Kuzma said. “He just made a great basketball play. I was wide open. Basketball’s simple. Find the open man, so I made the shot, but he made a great pass.”Kuzma was questionable to play Friday due to the sprained right ankle that kept him out of Wednesday’s loss at Golden State, but suited up and in 32 minutes scored 11 points to go with eight rebounds. Lopez added 18 points, including four 3-pointers on six attempts.Related Articles AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersShort.In a game that featured 16 lead changes, the Lakers could not come up with one more, falling to the Miami Heat 92-91.“Isaiah got a clean look, though, and we can’t complain about that,” Coach Luke Walton said. “He was probably a little cold, he had been on the bench for a while. But you get an open look for somebody like I.T., at the end, you live with that.”Thomas may have played his worst game since coming over in a trade from Cleveland last month. He scored five points while shooting just 1 for 9 from the field.One of the biggest moment’s of Randle’s career came nearly two years ago, March 30, 2016, when he scored a game-winning basket against the Heat at Staples Center. He too was comfortable with Thomas’ final shot. Kelly Olynyk was big off the bench for the Heat, making three 3-pointers and finishing with 17 points.Kuzma’s go-ahead 3-pointer capped a 10-2 run for the Lakers, who trailed 88-81 with 5:51 remaining. However, the Lakers forced misses on six of the Heat’s next seven possessions, and a turnover by Dragic on the eighth.It set up another dramatic finish at home for the Lakers and, for Randle, a missed opportunity to replicate his game-winner two years earlier.“I wish I would have had that same shot,” he said. PreviousBoxer Floyd Mayweather, center, attends in an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle, left, drives against Miami Heat center Bam Adebayo during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma #0 and Miami Heat forawrd Josh Richardson #0 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu) SoundThe gallery will resume insecondsMiami Heat forward Justise Winslow, right, is fouled by Los Angeles Lakers forward Travis Wear during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Lakers guard Lonzo Ball, left, goes to the basket while defended by Heat forward James Johnson during the second half of Friday’s game at Staples Center. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez, left, goes to the basket against Miami Heat forward James Johnson during the second half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Miami Heat forward Kelly Olynyk, left, blocks a shot by Los Angeles Lakers guard Isaiah Thomas during the second half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma, left, and Miami Heat forawrd Josh Richardson try for possession of the ball during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic, right, goes to the basket while defended by Los Angeles Lakers center Brook Lopez during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic, right, goes to the basket while defended by Los Angeles Lakers center Brook Lopez during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez, left. dribbles against Miami Heat center Bam Adebayo during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat center Bam Adebayo, right, goes for a dunk against Los Angeles Lakers forward Julius Randle during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic, right, goes to the basket while defended by Los Angeles Lakers guard Lonzo Ball during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball, left, goes to the basket while defended by Miami Heat guard Goran Dragic during the second half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Miami Heat forward James Johnson, left, and Los Angeles Lakers forward Julius Randle battle for a rebound during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle, front, eyes on the ball during the second half of an NBA basketball game against the Miami Heat, Friday, March 16, 2018, in Los Angeles. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma, right, goes up to the basket as Miami Heat forward James Johnson, left, watches during the second half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Ivica Zubac #40 of Croatia and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Los Angeles Lakers head coach Luke Walton in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 and Miami Heat center Bam Adebayo #13 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 and Los Angeles Lakers guard Lonzo Ball #2 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Miami Heat forward James Johnson #16 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Miami Heat guard Goran Dragic #7 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 and Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Miami Heat guard Goran Dragic #7 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 and Miami Heat forward James Johnson #16 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 and Miami Heat center Bam Adebayo #13 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 and Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Miami Heat guard Goran Dragic #7 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Kentavious Caldwell-Pope #1 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)/m20/ and Los Angeles Lakers forward Travis Wear #21 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat forward Kelly Olynyk #9 and Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 and Miami Heat center Bam Adebayo #13 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat guard Tyler Johnson #8 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Los Angeles Lakers head coach Luke Walton in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Kentavious Caldwell-Pope #1 and Miami Heat guard Tyler Johnson #8 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 and Miami Heat center Bam Adebayo #13 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Kentavious Caldwell-Pope #1 and Miami Heat guard Tyler Johnson #8 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat guard Tyler Johnson #8 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 and Miami Heat guard Tyler Johnson #8 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 and Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat forward James Johnson #16 and Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma #0 and Los Angeles Lakers guard Lonzo Ball #2 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat guard Tyler Johnson #8 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Lonzo Ball #2 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 and Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 and Miami Heat forawrd Josh Richardson #0 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers center Brook Lopez #11 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat guard Goran Dragic #7 and Los Angeles Lakers guard Lonzo Ball #2 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Lakers guard Isaiah Thomas had one of his worst shooting nights as a Laker and missed the potential game-winner in the final seconds of Friday’s game against the Miami Heat at Staples Center. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma #0 and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 and Miami Heat forward James Johnson #16 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat forawrd Josh Richardson #0 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Miami Heat forward Kelly Olynyk #9 and Los Angeles Lakers center Ivica Zubac #40 of Croatia in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma #0 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma #0 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle #30 and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers guard Isaiah Thomas #3 and Miami Heat forward Kelly Olynyk #9 in actions during an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Kyle Kuzma, top, shoots as Miami Heat forward Kelly Olynyk falls to the court during the second half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. The Heat won 92-91. (AP Photo/Ringo H.W. Chiu)Boxer Floyd Mayweather, center, attends in an NBA basketball game between Los Angeles Lakers and Miami Heat Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)Los Angeles Lakers forward Julius Randle, left, drives against Miami Heat center Bam Adebayo during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)NextShow Caption1 of 76Los Angeles Lakers forward Julius Randle, left, drives against Miami Heat center Bam Adebayo during the first half of an NBA basketball game Friday, March 16, 2018, in Los Angeles. (AP Photo/Ringo H.W. Chiu)ExpandLOS ANGELES — The directive out of the final timeout was simple: Get the ball to Julius Randle.The Lakers’ power forward had assembled a beefy line of 25 points and 12 rebounds, continuing his run of dominance. For the first time in his career he had scored 20 points or more in four straight games. With the Lakers trailing by one point with 7.5 seconds left, he was the logical choice to seal the team’s 13th win in its last 14 home games.“When I came off the screen they kind of doubled at the elbow and forced it away from me,” Randle said.The ball instead found its way to Isaiah Thomas, who jabbed then stepped back for an arcing 14-footer.last_img read more


Between Gladwells Scorn and Municipal Frustration Whats a Super Endowed University to

first_imgShare34TweetShare13Email47 SharesAugust 17, 2016; Business InsiderAs you read this, two U.S. congressional committees prepare to review the uses of the endowments of the 56 largest private colleges and universities. In the run-up to it, the critical press has not let up on those mega-nonprofits with deep, deep pockets. NPQ’s nonprofit news coverage addressed stories only recently about George Washington University and Georgetown and about the unwillingness of the universities to accede to reasonable requests from the City of Boston for PILOT payments.We already know that Malcolm Gladwell, bestselling author of books like The Tipping Point, Blink, and David and Goliath, believes that giving gifts to an already well-heeled university like Princeton or Stanford is a “moral injustice.” It’s become something of a campaign for him. It started last summer when he responded to John Paulson’s $400 million dollar gift to Harvard with tweets such as “If billionaires don’t step up, Harvard will soon be down to its last $30 billion.”It came down to helping the poor or giving the world’s richest university $400 mil it doesn’t need. Wise choice John! http://t.co/2bFmuTy397— Malcolm Gladwell (@Gladwell) June 3, 2015Readers may remember that at the time, Rick Cohen suggested a number of alternative uses for that gift, and Vox columnist Dylan Matthews wrote, “There is a special plaque in philanthropist hell for John Paulson.”Now, Gladwell has produced a podcast in his Revisionist History series reemphasizing his point that large gifts to wealthy schools only increase the gap between elite institutions and colleges who might actually find a good immediate use for it by educating people. He challenges the reasoning behind such gifts: “You know, John Paulson thought deeply and brilliantly about the mortgage meltdown of 2007/2008,” Gladwell said to Business Insider in a recent interview. “If he devoted even a fraction of the time, energy, and thought to this philanthropy as he did to that, the world would be such a better place.”Paulson, of course, made a fortune betting on the collapse of the real estate market.Last summer, when Gladwell first raised this issue via Twitter, Business Insider rustled up a bunch of power-player investors, including T. Boone Pickens, Bill Ackman, and Marc Andreessen, to tell him why he was wrong. Many of these responses contained the thought, “Well, it’s his money, after all!”Gladwell’s response?That was hilarious…round up all these incredibly, really smart and sophisticated investors who have made billions of dollars and get them talking about a relatively complex social issue, and they sound like idiots!They give money to Harvard or Stanford because all their friends pat them on the back, they get their name on a prestigious building, and they get associated with all of the incredible brand value of those institutions, but they haven’t thought, clearly, about the social justice implications of what they’re doing. And they get uncomfortable when someone says, “Well, wait a minute, you have not thought as seriously about your philanthropy as you have about your investment decisions, and maybe you ought to take it as seriously.”Take Princeton, for example—it has more money on a per capita basis than any educational institution in the history of educational institutions. There is no scenario where it can spend all the money its endowment generates every year. If there is anyone who gives a single dollar to Princeton, they have completely lost their mind. I will say that without reservation.Meanwhile, the concept of big schools as good local citizens is taking a beating after another analysis of the unwillingness of “big eds” to help out their localities with some small portion of what they would pay if they were taxed for their property. Bloomberg reports that of 28 private universities with endowments valued at more than $2 billion, only 11 reported giving unrestricted money to their municipalities last year—and this includes Dartmouth College, which is required by state law to pay property tax on all its buildings, including dormitories and dining halls. Some of the others make contributions for specific programs, but this is not our definition of the tax-like revenue that municipalities need.—Ruth McCambridgeShare34TweetShare13Email47 Shareslast_img read more