Risky business not the state’s business
The advice for Las Vegas gamblers is don’t bet more than you can afford to lose. It’s generally the same advice for investors: Don’t take more risk than you can afford, even when the riskier bets look like they could pay off the same as 21 at the blackjack table.
The six members of the Alaska Permanent Fund Corp. board of trustees are not gamblers but they are getting a little too aggressive in accepting risk as they chase after higher investment returns.
Most every investment is a gamble — company stock can drop in price, bonds may be worth less if borr...
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