Comments from MOSERS Chief Investment Officer regarding news on financial institutions in crisis.
[Posted 3/21/2008]
Several MOSERS members have inquired about the stability of our investment portfolio in reaction to the increasing frequency of headline news and television broadcasts reporting on the current turmoil in the financial industry. While it is not my intention to sugarcoat anything, I do think it is noteworthy that we live in a “sound bite” world where the speed with which reporting is done is paramount, where accuracy may be sacrificed for the sake of brevity, and where generalizations are characterized as being descriptive of the common condition. In other words, take what you are hearing with a very large grain of salt.
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