Overheard at the coffee bar.......

https://therealdeal.com/national/2019/07/14/massive-ohio-pension-fund-steps-up-investment-in-infrastructure/?fbclid=IwAR1_GtZ3aie_N-cXxXIbedG0NoZVWjJaXjg911zEnrYwRIVDJPtGCFvUO98 

"At current real estate values they are investing at the high end. Real estate investments are made when the market is down."

"Agree. STRS just invested in TEXAS REAL ESTATE AT HIGH WATER LEVEL."

"Duh...now I see it. It was in the first sentence of the article. Not my day."

"Several other mistakes, but I assume the base for article is correct."

"Not hard to understand how retirement systems get in trouble. Too much run and gun when they have available money. Instead of maintaining a rainy day fund as a go to, they find themselves in a vise and their immediate reaction is to cut retiree benefits. It all about poor leadership and poor management approved by Boards that have members whose personal finances are in a shamble it can't even balance a check book."

"Agree. Many on STRS Board do not have a clue regarding investment risk vs. returns. They are fed BS and believe without asking questions."

"I agree. Cutting our benefits is nothing but a knee-jerk reaction to the funding woes they create."  (Posted July 15, 2019)