[Mariner]

I’m pretty sure Bill Gates doesn’t have a degree, and he did OK.

There are several billionaires without college degrees.

https://www.businessinsider.com/the-15-richest-people-without-college-degrees-2010-11

A college degree is WAY overrated. Many companies have dropped the requirement for many positions which once required them.

In fact, some of the stupidest people I ever met had degrees.

[dragnet2]

In fact, some of the stupidest people I ever met had degrees.

There ya go. That would include some PhD's I know of.

And as other posters have eluded to, CalPERS has been making bad reckless investments for years. Again, balancing and operating a budget and making common sense investments decisions are certainly not complex. Like most everything else in CA, they people running it turned it into a disaster.

[Mozzafiato]

In fact, some of the stupidest people I ever met had degrees.

True. Many people are educated beyond their intelligence, and those are the most dangerous folks. It is very common amongst the liberal intelligentsia, and even a few on the right with guys like Bill Kristol.