http://blogs.reuters.com/muniland/2012/12/19/the-real-action-on-rhode-island-pensions-has-begun/ Bridges, budgets, bonds Thu, 09 May 2013 14:47:19 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/muniland/2012/12/19/the-real-action-on-rhode-island-pensions-has-begun/comment-page-1/#comment-2076 Person2 Wed, 19 Dec 2012 19:41:10 +0000 http://blogs.reuters.com/muniland/?p=12229#comment-2076 Are you kidding? Your solution is... better returns?! Like she could easily just pick a manager or managers and poof! better returns! That is beyond silly. What you're really saying is she shoudl take more risk in the HOPES of better returns so that in three years when those risky assets underperform you can write a new blog saying how foolish Rhode Island was to play roulette with their pension funding. What a nonsensical post. Zero analytics. All we get is "chronic underperformance is causing a substantial shortage of assets." What is substantial? How much better off would their funding be if they got meidan returns? How about if they just happened to be one standard deviation below the mean, which is entirely reasonable? Come on Kate. You can't substitute political bias for sensible analytics. Are you kidding? Your solution is… better returns?! Like she could easily just pick a manager or managers and poof! better returns! That is beyond silly. What you’re really saying is she shoudl take more risk in the HOPES of better returns so that in three years when those risky assets underperform you can write a new blog saying how foolish Rhode Island was to play roulette with their pension funding. What a nonsensical post. Zero analytics. All we get is “chronic underperformance is causing a substantial shortage of assets.” What is substantial? How much better off would their funding be if they got meidan returns? How about if they just happened to be one standard deviation below the mean, which is entirely reasonable? Come on Kate. You can’t substitute political bias for sensible analytics.

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