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Which is, interestingly, the American middle class. Some Wall Street money is proprietary, sure. But a pretty good chunk of it is our 401ks and institutional p
by superuser2 11y ago
Which is, interestingly, the American middle class.
Some Wall Street money is proprietary, sure. But a pretty good chunk of it is our 401ks and institutional pensions.
- mooreds 11y ago> interestingly, the American middle class I would say, rather, "depressingly". I think the "arms length" chasing of return by pension and 401k funds (whether active or index funds) is a problem. Our money goes places and does things in pursuit of returns that we would never consent to if we had to knowingly make the decision. Out of which concerns have come socially responsible investing, triple bottom line and slow money.
- nradov 11y agoPensions yes. But most 401(k) plans only offer mutual funds as investment options, and those in turn mostly only invest in publicly traded securities ( not VC funds). A few public companies have captive VC arms but those are pretty limited.