Turmoil exposes true risk for $9B county fund

BodieZviSan Diego Union Tribune
Zvi Bodie, School of Management

Maybe I’m an incurable optimist, but I see a silver lining in the recently stormy financial markets — the jolt might just wake up elected officials to the actual risks they are taking with public money in San Diego County’s pension fund…

Expert quote:

“This is all bull—-. It is scary, and it’s very scary that anyone would believe it.”

View full article