Dale Smith
Platinum Member
D"Ya gotta dig a little deeper in the well, boys...ya gotta dig a little deeper in the well.....if ya want a cool drink of water...ya gotta dig a little deeper in the well".......
http://www.ttstc.org/reports/investmentpolicies/SWIFT_Inv_Policy_PHASE II_(JUL 2015).pdf
You're the one who said it was in their CAFR. The CAFR for 2014 said their liquid investments are $2.7 billion.
Now you just sent another document which doesn't say anything about what their liquid investments are, it's just a bunch of definitions.
At this point, it's clear you're just making it up
Nope, you can't just stop reading one section. You see the expenditures and then you see what is left and that number has three more zeros added to it. They have plenty of investments and assets. They are sitting rather pretty......
No it doesn't. Give me the page numbers and values you're referring to. The overall numbers are at the top. If you're reading the later pages, they are the drill downs into the areas summarized at the top level, so those numbers are smaller, not larger since they are already included in the overall numbers
According to my research, State of Texas Inc as of June 30th of 2014 had 2,811,408,782 in assets
That number is $2.8 billion, Dale, not $2.8 trillion
2,811,408,782
782
+408 thousand
+811 million
+2 billion
Did I say that it was two trillion dollars? That is just liquid assets from their stock portfolios for that particular fiscal year that they earned. That's not the balance of the State Of Texas.INC. They have been skimming off the top since they were incorporated which is my point.