2 thoughts on “Forbes post, “Heads They Win, Tails Taxpayers Lose: Calpers Doubles Down On Risky Investments””
While I agree the CalPERS investment strategy is like doubling-down (if fact that is the same term I used when I posted an article on that topic yesterday morning), it is a false overgeneralization that public pension administrators feel no accountability to the taxpayers. I know because I was such an administrator. I felt the weight of my position in respect to my members and the taxpayers and i continue to write about the industry even in my retirement.
While I agree the CalPERS investment strategy is like doubling-down (if fact that is the same term I used when I posted an article on that topic yesterday morning), it is a false overgeneralization that public pension administrators feel no accountability to the taxpayers. I know because I was such an administrator. I felt the weight of my position in respect to my members and the taxpayers and i continue to write about the industry even in my retirement.