I have no idea what you’re talking about at this point. Do you have any interest in understanding why CPPIB invests the way they do and doesn’t seek the highest returns?
> if a retirement fund had put all their money into a stock index in 1926, it wouldn’t have been able to pay out pensions throughout the 1930s and 1940s
Point was that this/your rationale doesn't apply to CPPIB's situation.
Clearly, I am aware of the CPPIB's structure even citing the Office of Chief Actuary's report regarding downside scenarios and health scores. [0]
[0] https://www.osfi-bsif.gc.ca/en/oca/actuarial-reports/actuari...
edit:
> if a retirement fund had put all their money into a stock index in 1926, it wouldn’t have been able to pay out pensions throughout the 1930s and 1940s
Point was that this/your rationale doesn't apply to CPPIB's situation.