Remarks by Bradley Cassel
193 remarks on the record, newest first · Page 5 of 8
- Play at 10:51
“Did you do a minimum benefits for the 185 plan?”
Pension Board · Dec 10, 2024
- Play at 10:58
“Normally that comes through me, okay, or did in the past for the last 18 years.”
Pension Board · Dec 10, 2024
- Play at 11:06
“So if you could just send me a copy, sir, please.”
Pension Board · Dec 10, 2024
- Play at 11:12
“Okay, well, I'm not going to look at it right now. Sarah, any comments, any thoughts about anything you've seen so far as you're digging into the account?”
Pension Board · Dec 10, 2024
- Play at 11:38
“In 18 years, let's see, when I first joined, Well, it's almost 19 years now. When I first joined the pension, there was somebody that was just coming off a disability. I have no recollection of this person's name, okay? And what the city does is the city gets a disability policy for a third party, and nobody pays attention to the one on our plan, okay? Did they say they have any past history of dealing with the disability?”
Pension Board · Dec 10, 2024
- Play at 13:50
“Do you pay for that or do I pay for that?”
Pension Board · Dec 10, 2024
- Play at 13:56
“Well, I mean, it ultimately always gets paid for.”
Pension Board · Dec 10, 2024
- Play at 14:03
“But I'm just saying, which board pays for it? What entity does it look like is paying for it?”
Pension Board · Dec 10, 2024
- Play at 14:13
“Okay. Anything else? Sarah, then, you're welcome to hang around and be bored by us. I mean, David's coming up, and Cam will put on a nice show. If you want to hear about the fantastic returns we've earned during the last quarter.”
Pension Board · Dec 10, 2024
- Play at 14:42
“Well, I try to add a little life to this. Brad, it keeps it lively for sure.”
Pension Board · Dec 10, 2024
- Play at 15:44
“Yeah, Jose, I think this disability is offered from the pension plan, but nobody ever takes advantage of it because the city has that other plan that they pay for. And you go to that disability rather than us. I'm sure she was really, really injured.”
Pension Board · Dec 10, 2024
- Play at 17:54
“Okay. Well, the first thing we have, okay, is unless somebody else has something in here, okay, the first thing we have is David Lee's report. And they have you want to take over the take over our screens? Me? Yeah, you're David.”
Pension Board · Dec 10, 2024
- Play at 29:02
“Well, we've got a new president. And he says, okay, he's going to rock Bitcoin. Okay, so why aren't we buying? No, I'm just kidding.”
Pension Board · Dec 10, 2024
- Play at 29:18
“I'm scared for a second. I still don't understand how you can buy air and it goes up in value. It just doesn't make any sense. I mean, I'm good with the way things are.”
Pension Board · Dec 10, 2024
- Play at 30:46
“Everything goes through Sierra. So there's records of what's requested and when it was requested and how quickly he was responded to. It's important that he gets this. You might want to start them off with the symbols for the S&P 500. That's the only symbol we got, right?”
Pension Board · Dec 10, 2024
- Play at 31:17
“Well, send it to Sierra. Send that one and send the, we'll go back to that. I lost it.”
Pension Board · Dec 10, 2024
- Play at 32:27
“I mean, we're always looking for something unique, okay, that's conservative as hell.”
Pension Board · Dec 10, 2024
- Play at 34:00
“If you have something that you want us to look at, feel free to throw – I mean – I'm always interested in learning something new and maybe there is, you know, maybe you have a thought or an idea that, you know, is good. And I'm not going to, I don't want to hold you back from, you know, I mean, I just don't want to buy a bunch of rehab houses and K and whatever. It ain't no fun.”
Pension Board · Dec 10, 2024
- Play at 35:51
“We did look at a timber company and we spent a lot of time on it. When it came down to it, I got real nervous. Right after we decided we weren't going to do it, I think there was a collapse in Brazil. That was where part of the assets were. We ended up making the right decision by staying conservative. I've looked at other pensions and in these other pensions, their manager's come up with all of these fancy investments to try to capture another 100 or 200 basis points. And they end up making these investments. They end up never performing as good as they did the year before you bought it.”
Pension Board · Dec 10, 2024
- Play at 36:48
“That's right. And, you know, and I look at some of these. And one of the things that I've done over the years is this is going to be my 19th year. One of the things is, I mean, I've sat in board meetings where we've had investments that nobody had any clue, okay, what that partnership was. And it was only made up of stocks, right? Okay, and so we've gotten away from all these fancy convoluted, let's capture another 115 basis point kind of things. And then you find out it's not liquid. They don't want to sell it for 60 or 90 days. And then what happens from there is you end up seeing what was…”
Pension Board · Dec 10, 2024
- Play at 38:03
“And that's everybody else, too. Okay, Alfredo, in your spare time.”
Pension Board · Dec 10, 2024
- Play at 38:19
“He did sound like from, what do you call it, from Batman.”
Pension Board · Dec 10, 2024
- Play at 38:23
“Yeah, right. Okay, what else do you have, David?”
Pension Board · Dec 10, 2024
- Play at 38:36
“Yeah, I mean, I don't see anything that's that much better than what we have now or returning any better than we have. I mean, did anybody get a chance to look at that? Joe, stop playing video games. Unmute yourself.”
Pension Board · Dec 10, 2024
- Play at 49:46
“I'm good with making a decision like that. I'm just comparing some stuff on my computer here.”
Pension Board · Dec 10, 2024