FastSaying

We really didn't buy it thinking we'd have this enormous investment,

Dennis Ritchie

InvestmentThinking

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Particularly with the volatility in the stock markets and bond markets, they ended up undervaluing the investment assets by about $130 million. When you understate the value of the state's assets by $130 million, which is fairly big piece of change, it could have some affect on investment decisions and potentially on bond ratings.
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