William J. Bernstein Quote

In fact, the nation's biggest investment pools are the retirement funds of the large corporations and governmental bodies, such as the California Public Employees Retirement System (CALPERS), which manages an astounding $170 billion. These plans receive a level of professional management that even the nations wealthiest investors can only dream of.


Chapter 3, The Market Is Smarter Than You Are, p. 85. - The Four Pillars of Investing (2002)


In fact, the nation's biggest investment pools are the retirement funds of the large corporations and governmental bodies, such as the California...

In fact, the nation's biggest investment pools are the retirement funds of the large corporations and governmental bodies, such as the California...

In fact, the nation's biggest investment pools are the retirement funds of the large corporations and governmental bodies, such as the California...

In fact, the nation's biggest investment pools are the retirement funds of the large corporations and governmental bodies, such as the California...