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Day 2 of NRA Board committee meetings - day 1 Afternoon sessions and day 2 morning sessions
If you are in Houston for the NRAAM. Please stop in Room 330 and vote for me for 76th director
The Wednesday afternoon sessions started with the Foundation committee meeting. After approving the minutes, the committee went into executive session, and I had to depart.
The Legal Affairs committee also went into exeecutive session after approving the minutes.
Thursday morning started with the Finance committee meeting. The committee reviewed the Investment Oversight subcommittee report before going into executive session. Much was the same as the Foundation Investment committee report from yesterday. A couple notable additions, the fund advisors are Greystone, the same comoany that manages Hillsdale College’s investments. Morgan Stanley is the fiduciary. This report had a more realistic assessment of the potential for an upcoming recession based on forecasted drops in growth rate and corporate earnings. The Large Cap investment underperformed. The fund missed growth as it does not hold Apple or Tesla. It was negatively impacted by the holdings in Netflix and Snapchat. The alternatives were mixed with positive performance in commodities (mostly gold) and negatively impacted by holdings of Tiger Global (aside - Tiger was very aggressive buying businesses over the past couple years at what some call irrational valuations). The committee approved harvesting gains from Pimco funds to reinvest in the Large Cap fund.
The last meeting I planned to attend before the Annual meeting was the Outreach committee. The committee has 2nd amendment stalwarts like Chris Chang, Rick Ector, and Lucretia Hughes. They discussed the growing acceptance of the 2nd Amendment and the need for personal safety in the African-American, Hispanic and Asian Pacific Islander communities. Rick will be holding his 11th annual women training event on July 30-31 in the Detroit area and encourages any interested firearm instructor to come and volunteer. Chair Willis Lee did not recognize my request to speak about the work with the NAAGA during the meeting, but I was able to share that story after the meeting adjourned. I asked for referrals to Hispanic, Asian Pacific Islander and LGBT+ communities to build similar programs.
Now it’s election time - if you are an NRA member in Houston - please stop in room 330 and vote for me for the 76th director.