Pension Fund Quotes & Sayings

The whole concept of dividing it up into 'value' and 'growth' strikes me as twaddle. It's convenient for a bunch of pension fund consultants to get fees prattling about and a way for one advisor to distinguish himself from another. But, to me, all intelligent investing is value investing. — Charlie Munger

For though there was no chance of persuading a pension fund manager looking to make a longer-term loan to buy a Freddie Mac bond that could evaporate tomorrow, one could easily sell him the third tranche of a CMO. — Michael Lewis

Henry VIII, for example, who was king of England from 1509 to 1547, ended his days surrounded by a great many young people for the simple reason that he'd had most of his old courtiers exiled or executed. Between the years 1532 and 1540 alone, Henry ordered 330 political executions, probably more than any other ruler in British history. If you worked for Henry VIII, then you really didn't need to worry about putting money into your pension fund as you probably wouldn't live long enough to spend it. — John Connolly

The simple index fund solution has been adopted as a cornerstone of investment strategy for many of the nation's pension plans operated by our giant corporations and state and local governments. Indexing is also the predominant strategy for the largest of them all, the retirement plan for federal government employees, the Federal Thrift Savings Plan (TSP). The plan has been a remarkable success, and now holds some $173 billion of assets for the benefit of our public servants and members of armed services. — David F. Swensen

An irresistable footnote: in 1971, pension fund managers invested a record 122% of net funds available in equities - at full prices they couldn't buy enough of them. In 1974, after the bottom had fallen out, they committed a then record low of 21% to stocks. — Warren Buffett

I don't invest in the stock market, but I have pension funds - some in America and the UK. — Eric Idle

But to hear Kennedy when he was grandstanding in front of the McClellan Committee you might have thought I was making as much out of the pension fund as the Kennedys made out of selling whiskey. — Jimmy Hoffa

[The US] budget is dominated by the retirement programs, Social Security and Medicare - loosely speaking, the post-cold-war federal government is a big pension fund that also happens to have an army. — Paul Krugman

Even the nuns went racist after the convent was reappraised and it seemed their pension fund was in jeopardy. — George Saunders

White criminals commit the biggest crimes.a brother might rob a bank. a white man will rob a pension fund. the brother is going to get ten to fifteen years because he had a gun. the white guy is going to get a congressional hearing because he had a job and a nice suit. — Wanda Sykes

Unbeknownst to most American investors, significant portions of their public pension, mutual fund, life insurance and private portfolios are comprised of stocks of privately held companies that partner with state sponsors of terror. — Frank Gaffney

You're mugging old ladies every bit as much if you pinch their pension fund — Ben Elton

A good salesman knows you better than you know yourself. If you are Chinese, they will sell you yield. If you're European, they will stroke your sense of superiority. If you're an ambitious manager of an American pension fund, sitting on piles of money but bound by rules and regulations, they will find a kosher way for you to become the big swinging dick you always knew you were. And if you are an American hedge fund - a serious fund, not two guys and a Bloomberg - a smart salesman cuts the bullshit and both of you reach an understanding. — Katya G. Cohen

Any pension fund manager who doesn't have the vast majority-and I mean 70% or 80% of his or her portfolio-in passive investments is guilty of malfeasance, nonfeasance or some other kind of bad feasance! — Merton Miller