Date: 2006-11-02 05:34 pm (UTC)
From: [identity profile] angerona.livejournal.com
But you can't predict ahead of time which place will erupt in instability, violence and what not. Last year investing in New Orleans would've been a disaster, too, and there've been a lot of unpredictable events (heck, the whole point of the market is its unpredictability. Investments in the riskier places carry higher return and can be buffered by safer investments). The safest investment won't bring you much return.

But that's still besides the point. It's not my place to decide what someone's pension plan should look. Nor is it the place of the legislature to decide the investment portfolio -- that should be left to investment specialists.

A more profitable Somerville is the Somerville whose investments are economically sound, not dictated by whims of racist policies.

And even if I were to agree that investing only in Somerville would be a good thing, voting yes on prop. 5 and 6 is a very bad start to getting there.

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