America's pensions can't beat Vanguard but they can close a hospital
1–10 of 349 posts
Re: America's pensions can't beat Vanguard but they can close a hospital
#2I don't understand why we don't just ban private equity. Seems like zero value-add to the actual real economy.
Re: America's pensions can't beat Vanguard but they can close a hospital
#3I do wonder when some unforeseen 2008 like crash someone crashes ETFs.
I can't really see how it would happen and that I suppose is part of the fun.
Re: America's pensions can't beat Vanguard but they can close a hospital
#4CalPers, the largest public employee retirement system in the US was not getting the kind of returns that they needed. They were restricted from purchasing stocks in certain industries, such as oil, weapons, etc.. However, they recently switched to investing in private equity funds and now they are getting much better returns, without all the pesky moral issues involved with it.
Re: America's pensions can't beat Vanguard but they can close a hospital
#5CalPers, the largest public employee retirement system in the US was not getting the kind of returns that they needed. They were restricted from purchasing stocks in certain industries, such as oil, weapons, etc.. However, they recently switched to investing in private equity funds and now they are getting much better returns, without all the pesky moral issues involved with it.
So is that basically a pensionwashing scheme?
Re: America's pensions can't beat Vanguard but they can close a hospital
#6I do wonder when some unforeseen 2008 like crash someone crashes ETFs. I can't really see how it would happen and that I suppose is part of the fun.
Unless we're just talking about regular embezzlement of funds, how do you crash an ETF? I'm talking about broad index funds. Not stuff like ARKK
Re: America's pensions can't beat Vanguard but they can close a hospital
#7Ah, a classic paperclip maximizer. Pension plans got the goal of multiplying the money so pensioners have more of it. Nobody bothered to mention that they should also make sure there's a world the pensioners can live in, so now that gets slowly sacrificed in the pursuit of the only explicitly stated goal
Re: America's pensions can't beat Vanguard but they can close a hospital
#8I don't understand why we don't just ban private equity. Seems like zero value-add to the actual real economy.
Banning people from owning business?
This is just a boogie man media term. There are good owners/investors and bad.
Re: America's pensions can't beat Vanguard but they can close a hospital
#9I don't understand why we don't just ban private equity. Seems like zero value-add to the actual real economy.
Private equity is capitalism. That's the capitalism part of the economy.
Re: America's pensions can't beat Vanguard but they can close a hospital
#10> Second, that capital is trapped in an institutional arrangement that charges enormous fees to match the performance of a simple index fund, while the money deployed through these intermediaries actively harms the communities pensioners live in: buying up their housing, closing their hospitals, bankrupting their local employers, gutting their newspapers.
This is the same argument that Ann Pettifor has about how the poor allocation of pension funds is because "it’s much easier to make money from gambling and speculating than it is from investing in the land on the one hand, in the broader sense of the word, or investing in labor"
https://annpettifor.substack.com/p/on-pensions-and-the-globa...