On Jul 15, 2008, at 6:50 PM, Sabri Oncu wrote:
Or for that large pool of dumb money called pension funds who, I
believe,
are large passive investors in private equity and hedge funds..
-raghu.
I don't think pension fund money is dumb. They are managing our money!
So, who is the dumb, here?
Ha. I have no pension!
I don't think they're "dumb." As a group, they're the market, and
therefore they slightly underperform the averages. As I recall,
individual investors are lucky to do half the averages.
Doug
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