The Great Retirement Threat: Pension Expert Warns Of Massive Failures Ahead | Ted Siedle
Wealthion - Be Financially Resilient
00:00
The Importance of Education in Investment Decision Making
Public pension, state and local pensions around the country have no requirements that their board members have any educational credentials. So all of these public pensions have cops, firefighters, school teachers, there's garbage collectors on their boards making profound investment decisions involving trillions of dollars. It's an unequal fight at the get-go because you've got some of the savviest Wall Street snakes coming in to sell high-cost, high-risk investments to cops and firefighters who really are not equipped to get into a due diligence and a negotiation with them.
Play episode from 09:21
Transcript
