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6min chapter
BCB103_DOM BEI: Work For The HARDEST Money.
Blue Collar Bitcoin
The Problem With Trust Breaking Down
The two primary risks I see for our pension funds are currency risk and counterparty risk. And both of those, there's no other investment that you can meaningfully buy that can protect you from bad positions or just bad happenings. CalPERS recently kind of said, we got to get into more VC stuff and your capital stuff. Their first year returns on that was like 0.5%. So nothing impressive at all. It's a $500 billion fund. Here's another stat. They did take a hit on this banking turmoil. Peanuts for them, 67 million in Silicon Valley and 11 million in Signature Bank. However, peanuts add up. If I went right now and tried
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