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mort96
9 months ago
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Nevada’s public employee pension fund invests pass...
I mean it does mean that they don't have faith in their ability to beat the market on average across significant time spans.
KptMarchewa
9 months ago
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Or, it's just that risk management isn't about faith.
mort96
9 months ago
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In my eyes, "we have sincere faith in our ability to sustain higher-than-market returns on average" and "our risk management calculations tell us that we will have beat the market on average with very high probability" are the same statement.
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