How are _pension funds_ scams? | Hacker News

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		_mhyx on Dec 26, 2018 \| parent \| context \| favorite \| on: As Bitcoin Sinks, Industry Startups Are Forced to ... How are _pension funds_ scams?

21 on Dec 26, 2018 [–]

I didn't say pension funds are scams, but that pension funds make their profits from trading against non-knowledgeable people (like GP implied bitcoin traders do)

nradov on Dec 27, 2018 | [–]

Most pension funds are long-term investors and do very little active trading. Their trading counterparties are generally just as knowledgeable as they are.

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