John Curry: We lost closer to $12 billion, not $3 billion, over 6 months!

From John Curry

September 8, 2022

Some, at STRS,  SAY we lost only "3 BILLION DOLLARS." To me that is "Fuzzy Math." I think it is also Fuzzy Math to Rudy.  On August 16, 2022 Dr. Rudy Fichtenbaum sent this spreadsheet to me with the following words:

"The figures in the spreadsheet I sent you are for the last 6 months December 31, 2021 (aka January 1, 2022) and June 30, 2022. The stock market started plummeting in January."

I did highlight several important areas of this spreadsheet in red which are pertinent. My fellow actives/retirees, WE LOST ALMOST 12 BILLION DOLLARS (over a 6 month period) as of  June 30, 2022!

You Be The Judge!

John Curry

P.S. It all depends upon what time periods one is talking about!!!!