12-23-2003, 08:01 PM
Go back to before the Great Depression. The market has averaged a 10% ROE. Show me a pension plan that does that.
Sure. I might lose 10% or 50% in a year. But over the course of my working life, the market is an incredibly safe investment vehicle.
Boo hoo hoo. The market is volatile. I'd say the volatility in Enron's pension is a little worse.
Sure. I might lose 10% or 50% in a year. But over the course of my working life, the market is an incredibly safe investment vehicle.
Boo hoo hoo. The market is volatile. I'd say the volatility in Enron's pension is a little worse.
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