alt Hacker NewsSpecifically I believe the concern is pension funds.
Your 401K is invested however you choose, but the people with pension plans don't get any input on how those are invested or what risks they take. They have historically been cesspools of fraud and shady deals.
You have the option of rearranging. your 401k investments where you can choose to invest in individual companies instead of the grab bag fund where the managers invest in a little bit, parceled out to many companies where they give equal weight to investing in Intel, Dell, Microsoft and Apple. Which is a horrible deal because Apple, for example, has outperform those three companies by a wide margin over the last 20 years.
Note: you have to go out of your way. to make this happen. Most funds prefer to dump everything together, so they don’t have to make individual tough decisions.