The Origins
How I entered the investment business and what I learned along the way — retail, institutional, and the path to public pensions
Ch 1
Hammer to Headset
Ch 2
Retail to Institutional: Two Different Worlds
Ch 3
RCM / NACM
Ch 4
The Smut Show
Inside CalPERS
The gold standard of pension governance — and what happened to it under Buenrostro, including the $12 million Oak payment that should never have been made
Ch 5
Arrival
Ch 6
Growth Pay
Ch 7
The Hedge Fund
Ch 8
Oak
Ch 9
Putnam
Ch 10
Systemic Failure
Ch 11
The Silberstein Suspension
Ch 12
Enhanced Index
Ch 13
T. Rowe Price
Ch 14
Symphony
Ch 15
The Trading Gap
Ch 16
Ernst & Young
Ch 17
The Rules
Ch 18
The Manager Development Program
Ch 19
Leaving CalPERS
Ch 20
Governance Hypocrisy
Ch 21
Private Equity
The Road to SDCERA
How I arrived at San Diego County's $10 billion pension fund — what I found, what I reported, and what they did about it
Ch 22
SDCERA Arrives
Ch 23
Firing Winners
Ch 24
Berens' Big Short
Ch 25
Zais Green Tree
Ch 26
Cushion Broke
Ch 27
Westridge
Ch 28
Probation
Ch 29
Measurisk
Ch 30
Never Trust a Back Surgeon
Ch 31
Walking Wounded
Ch 32
Reprimanded
Ch 33
Unregistered Adviser
Ch 34
All Hat, No Cattle
Ch 35
More Than Half the Fund
Ch 36
The Man Who Measured His Own Performance
Ch 37
Hoisington
Ch 38
What the Emails Show
Ch 39
Acting CIO
Ch 40
SDCERA End
The Fight
Whistleblowing, retaliation, the civil service hearing, federal court, the CFA, and the Qui Tam filed on behalf of 39,000 county employees
Ch 41
Weldin
Ch 42
Notice of Intent
Ch 43
We Are in Compliance
Ch 44
Oops, Oh Well
Ch 45
The Investigation That Wasn't
Ch 46
The Portion Not Recorded
Ch 47
Three Oaths
Ch 48
Responsive to Neither Item
Ch 49
The Math and the Machine
Ch 50
37,000 Members
Ch 51
The Findings Tightened
Ch 52
The Essence of Petty Meanness
The Aftermath
What they did after I left — and why the board that fired me voted unanimously to fire the advisor I warned them about four years later
Ch 53
The Single Benchmark
Ch 54
The Drowning Man
Ch 55
High Risk
Ch 56
Buster
Ch 57
The Widowmaker
Ch 58
What They Sent Instead
Ch 59
Finally, Someone Asks
Ch 60
Qui Tam
Ch 61
The Parasite Brief
Ch 62
Why I Wrote This Book