Charlie Munger Quotes About Pensions

• 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

  Intelligent, Growth, Investing

• The normal expectancy of the average investor - for example, the pension funds of AT&T or IBM - is 6% for a long time.

  Charlie Munger

  Average, Long, Example

  Charlie Munger's comments on future returns from equities at the 2001 Wesco Financial Annual Meeting, www.tilsonfunds.com. May 2, 2001.

• Fancy computers are engaging in legalized front-running. The profits are clearly coming from the rest of us - our college endowments and our pensions. Why is this legal? What the hell is the government thinking? It's like letting rats into a restaurant.

  Charlie Munger

  Running, College, Thinking

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