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Pension Fund Politics: The Dangers of Socially Responsible Investing (Business Economics) Paperback – January 4, 2006
Top Customer Reviews
In the second essay, Munnell and Sunden conclude with "The primary goal of investing retirement funds ... should be achieving the maximum returns for a given level of risk." According to each of our values, I think these words speak clearly for themselves.
This book consists of four essays; each discussing a different aspect of the ways in which the politicization of the administration and investing of pension funds puts the beneficiaries (actually, owners) of the funds at risk. While the book does not claim that pension funds are currently at risk of failing because of this activity, it does point out the ways in which such activities are costing retirees millions upon millions of dollars. That some claim this is small potatoes compared to the billions under management shows the danger of this collectivist mindset. If those millions are measured against each individual retiree, how many pensions are effectively squandered? That it might be claimed it is only pennies is beside the point. Whose pennies and dollars and tens of millions of dollars are being co-opted to indulge someone else's agenda?
The first essay by the editor, Jon Entine, lays out the nature and scope of the problem. While still small, the Socially Responsible Investing (SRI) movement is a disturbing trend.Read more ›