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Stockmarkets rallied on the news of the rate hike and, despite recent volatility (see article), the surge in technology stocks means that broad indices remain strong.
The state's refusal to disclose information about its stocks means it is unclear how much pentobarbital it still has, or the expiry date.
The portfolio's light weighting in stocks means that the endowment missed much of the recovery last year from the bear market.
Indeed, cutting back on stocks means backing away from the approach that virtually all public pension funds have taken for decades.
"The long good times for stocks means more people own them, which means more people care about watching us," said Mr. Kernen.
While having just 32 percent of your portfolio in stocks means you can lose only so much, that low equity allocation also keeps you from winning big when stocks are on a multiyear tear.
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"Stocks mean nothing to him.
The damaged fish stocks mean that the fish caught are mostly smaller and less valuable.
And what do the increasingly violent moves in stocks mean for the market over all?
Do the declining stocks mean we have to settle for looking at the wooden specimen hanging in the Statehouse?
Even without the regulations we are suggesting, declining fish stocks mean that fishing can never be as profitable as it was in the past.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com