re: Some Jack Bogle for your Friday

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On the Role of Social Security: “It’s probably the best fixed-income position you’ll ever have.”

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I really, really like his position here. This is where outside-the-box thinking comes into play, and it's absolutely true. Any relatively dependable, constant income stream should be considered as a part of an investment portfolio, and factored into asset allocations.

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On public fund companies

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This is actually a very interesting topic I haven't thought or heard much of. One one hand, public companies are looking to generate revenue from mgmt fees, while on the other hand perform well enough to beat it's peers. I guess BlackRock better keep up, or else.