Go safe or take the risks
by Ted Carter
Published: March 13,2011
Tags: Joshua D. Rauh, MBJ FEATURE, Pat Robertson, Robert Novy-Marx
Ask a room full of economists and financial planners to create a model for funding a defined public pension plan. The lines likely will divide this way: Pension commitments are too sacrosanct to be risked on a stock market roller coaster. Shelter the money in very low-risk instruments. Look at the equities market over the [...]
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