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It's quite terrifying to think that pension funds are using forecasts of healthy returns to claim they are well funded, whilst simultaneously making investments
by mrfredward 7y ago
It's quite terrifying to think that pension funds are using forecasts of healthy returns to claim they are well funded, whilst simultaneously making investments with guaranteed negative returns.
- gowld 7y agoThere's nothing particularly terrifying about "negative". What's terrifying is the delta between forecasts and actual returns. Forecasting 8% vs actual 2% is much more terrifying that forecasting 1% vs actual -1%.