Here I distill my threads of the past few days into a single message: the @FirstActuarial & @ucu approach to the investment and valuation of #USS is not some radical new theory. Rather, it’s in line with the way #USS used to run things, before Bill Galvin took over as CEO. 1/

— Michael Otsuka (@MikeOtsuka) August 25, 2018

For those that do not tweet.

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(Beware of the big bad wolf, @johnRalfe1 and his Mephistophelean amuensis  @johnralfebot ) .