I'm a Fool and I've Done a Great Thing

I think our world would be a better place if the average pension system, the average retiree had a portfolio that more closely resemble the hundred year strategy. The worst situations retail because these are true diversifiers. I mean, my god, look at CalPERS management and all the drama they've had over the last five years. You see the challenge of these structures with so many people involved, it's hard to look different almost which in many ways is a big shame.

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