{"id":180409,"date":"2017-04-27T07:26:00","date_gmt":"2017-04-27T12:26:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/04\/27\/data-point-of-the-day-4\/"},"modified":"2017-04-27T07:26:00","modified_gmt":"2017-04-27T12:26:00","slug":"data-point-of-the-day-4","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2017\/04\/27\/data-point-of-the-day-4\/","title":{"rendered":"Data Point of the Day"},"content":{"rendered":"<p>It&#8217;s also a quote of the day. &#8220;<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2017-04-26\/nyc-pensions-push-into-private-equity-yields-index-fund-returns\">New York City\u2019s biggest pensions have invested about $13 billion with private-equity firms in pursuit of large returns. They would have done better with a low-cost stock index fund<\/a>.&#8221;<\/p>\n<p>The only people who actually benefit from the activities of private-equity firms and hedge funds are private equity firms and hedge funds.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s also a quote of the day. &#8220;New York City\u2019s biggest pensions have invested about $13 billion with private-equity firms in pursuit of large returns. They would have done better with a low-cost stock index fund.&#8221; The only people who actually benefit from the activities of private-equity firms and hedge funds are private equity firms &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[368,450,456,494],"class_list":["post-180409","post","type-post","status-publish","format-standard","hentry","tag-corruption","tag-employment","tag-finance","tag-statistics"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180409"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=180409"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/180409\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=180409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=180409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=180409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}