Comment by vostok | Hacker News Reader

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Comment by vostok | Hacker News Reader

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I understand the origin of the phrase, but I always thought I would be somewhat upset if pension funds started buying yachts.

Pension funds are the customers here and it would be pretty bad if they started buying yachts.

You should be, unless they also maintain them themselves -- you know, with those "management" fees.

"But where are the pensioners yachts?"

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