Ep. 925: Jump into Trend Following Part Two with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Disadvantages of Allocations to Pension Funds
"I've met some of the least impressive people I've ever met in my life and they're responsible for allocating billions of dollars," he says. "Now what's really frightening is that because the deficit of these pension funds has become so large, their return expectation needs to be something like seven or eight percent a year." The average American doesn't know about this; if they don't work for the government, pension doesn't exist., writes John Sutter. 'It's going to hit the wall'
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