Re: OT: Part of California's (and everyone else's) Problem

On 2/1/2010 11:57 PM, Miss Elaine Eos wrote:
On 2010-02-01 17:30:17 -0800, "Tom S." <tmswork@xxxxxxx> said:

They're dependent on growth rates that are absurd, particularly in future economies. For instance, Colorado's PARA is based on 8% annual growth in perpetuity.

(a) What does that have to do with in/out of line with other pensions?!

(b) If your fund can't make 10% consistently (10 yr moving average) on 100s of Ms of $$$, you need to kick your fund manager in the nuts. It's a bit harder with only $1M, but still easy to make 7-8%, even for us amateurs.
Warren Buffet makes 8-11% a year over a five year average.
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