Private-equity crowd wants your 401(k) money — ‘yikes!’

Yahoo! Market Watch has the opinion piece Private-equity crowd wants your 401(k) money — ‘yikes!’,

From the Department of Dangerous Ideas comes the news that your employer may soon offer you the “opportunity” to invest some of your hard-earned money in private equity as well as in the public stock and bond markets.

I read most of this. “yikes!” is the appropriate response. One thing the article didn’t mention in the part that I read is that much of the superior performance is attributable to insider trading which has caused a few hedge fund managers to go to jail. As William Black titled his book, “The Best Way To Rob A Bank Is to Own One“. Just imagine how rich we could all be if we just resorted to robbery.

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