On: Nevada’s public employee pension fund invests pass...

[HFguy]

SP500 had not returned 10% a year historically. And really would want to look at returns above the cash rate.

And the SP500 has had unusually good performance relative to other equity indexes. Would not count on that forever.

[rancar2 → HFguy]

Given that the rise and fall of companies from SP500 status, this is a bet on the selection criteria.