{"id":28573,"date":"2020-07-24T13:38:23","date_gmt":"2020-07-24T17:38:23","guid":{"rendered":"https:\/\/ssgreenberg.name\/PoliticsBlog\/?p=28573"},"modified":"2020-07-24T13:53:37","modified_gmt":"2020-07-24T17:53:37","slug":"private-equity-crowd-wants-your-401k-money-yikes","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2020\/07\/24\/private-equity-crowd-wants-your-401k-money-yikes\/","title":{"rendered":"Private-equity crowd wants your 401(k) money \u2014 \u2018yikes!\u2019"},"content":{"rendered":"<p><em>Yahoo! Market Watch <\/em>has the opinion piece <a target=\"_blank\" href=\"https:\/\/www.marketwatch.com\/story\/yikes-the-private-equity-crowd-wants-your-401k-money-2020-06-11?siteid=yhoof2&#038;yptr=yahoo\" rel=\"noopener noreferrer\">Private-equity crowd wants your 401(k) money \u2014 \u2018yikes!\u2019<\/a>,<\/p>\n<blockquote><p>\nFrom the Department of Dangerous Ideas comes the news that your employer may soon offer you the \u201copportunity\u201d to invest some of your hard-earned money in private equity as well as in the public stock and bond markets.\n<\/p><\/blockquote>\n<p>I read most of this. &#8220;yikes!&#8221; is the appropriate response. One thing the article didn&#8217;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, &#8220;<a href=\"https:\/\/www.amazon.com\/Best-Way-Rob-Bank-Own\/dp\/0292754183\" rel=\"noopener noreferrer\" target=\"_blank\">The Best Way To Rob A Bank Is to Own One<\/a>&#8220;. Just imagine how rich we could all be if we just resorted to robbery.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yahoo! Market Watch has the opinion piece Private-equity crowd wants your 401(k) money \u2014 \u2018yikes!\u2019, From the Department of Dangerous Ideas comes the news that your employer may soon offer you the \u201copportunity\u201d to invest some of your hard-earned money in private equity as well as in the public stock and bond markets. I read [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-28573","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=28573"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28573\/revisions"}],"predecessor-version":[{"id":28576,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/28573\/revisions\/28576"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=28573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=28573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=28573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}