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Pirates of Finance

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The Importance of Safety in the Retirement Industry

Pensions and endowments are laden with acronyms. They probably use that as moats for people not to know what the hell they're talking about. I mean, I've heard there's like some D bags and name their funds like after insects and stuff like that. So you just never know what people are doing. But I think it's a function of like the real money player, right, the endowments and pensions, they love a good acronym.

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