Thinking Outside the Box

This piece from Chief Investment Officer is so avocados I almost did a spit-take when I read it:
The legislative representative to the League of California Cities urged the CalPERS Investment Committee Monday to think “out of the box” in finding a way to exceed its 7% investment return projections, saying that cities won’t be able to pay their monthly contributions to the pension plan if returns are that low.
Dane H…