North Carolina

“47 other states have gone away from this model. The three that are left are Connecticut, New York, and North Carolina.”

“We'll also begin resuscitating the alternative investment program. So they have been out of the market essentially for a long time. There are things we can do there. It'll be slow because we're not just going to turn on the tap full speed, but we're going to a…”

“When you are wealthy, which our state is, you can manage your investments very, very conservatively if you want. But what you see in history when people do that, they essentially lose their wealth because they are not keeping up. So in fact, a successful inves…”

“Yes, there's more bureaucracy, but without Warren Buffett in the sole fiduciary chair for a hundred years, it probably makes sense to go away from it.”

“In part because it's so irrationally managed, and I'm fascinated by consistent irrational behavior. I always want to understand it and have it explained to me, and the truth is, it's never been explained to me for North Carolina.”

“We are 50th best performing out of 50, and so there's a lot of desire to help fix that and move it up the curve that is really appealing to certain people.”