pension fund

Random Investment Thoughts About Endowment Funds, Pension Funds, And Bad Investment Choices

In the wake of the market meltdown we see that some very smart people lost money, a lot of it. The news is that several Ivy League endowments and the big California Public Employees Pension fund are down substantially. How could such smart people do so badly? Greed? And, by the way, Madoff got 150 […]

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