Wednesday, August 11, 2021

Pandamonium?

From John Curry

August 11, 2021 
Pandemonium!
There are 1,600 pandas in this picture. STRS (we) lost $525 million in the Panda investment fiasco.... an amount that we weren't told about until about 3 years later. If we paid $328,125 for each panda in this picture it would equal the same loss.....$525 Million.
P.S. I wonder if pandas get bonuses for just being pandas? I know of quite a few investment associates who get bonuses for just being investment associates!
Larry KehresMount Union Collge
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