2 thoughts on “Forbes post, “Heads They Win, Tails Taxpayers Lose: Calpers Doubles Down On Risky Investments”

  1. 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.


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