Speaker 2
So to be clear, you think private assets make sense in a longer-term pooled portfolio, but not in a 401k plan? Yeah, and I know I'm up against some of my friends that are trying to sell them,
Speaker 1
maybe little itsy bitsy parts in a account, but no, because the 401k is a liquid account. And even the private asset managers will say, yeah, it's not for someone who demands liquidity. And what I'm telling them is that every 401k holder will demand liquidity because they, the leakage in these plans are gigantic. It's dooming the system to be a retirement plan, and therefore it's not a good
Speaker 3
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Speaker 4
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