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I didn't say pension funds are scams, but that pension funds make their profits from trading against non-knowledgeable people (like GP implied bitcoin traders d

by 21 8y ago

I didn't say pension funds are scams, but that pension funds make their profits from trading against non-knowledgeable people (like GP implied bitcoin traders do)

nradov 8y ago
Most pension funds are long-term investors and do very little active trading. Their trading counterparties are generally just as knowledgeable as they are.