Commentary on high evaluations, a pension manager proposes:So, the plot is to plan the crash. Everyone pile up the money at the same time, for example, pensions need do-re-me today because of a pension stampede.
"Right now assets are very expensive," said Keohane, whose firm manages more than C$70 billion ($54 billion). "We need to be patient, to wait for better opportunities. Whenever the next crisis comes, assets are going to be on sale. You can buy them a lot cheaper than you can buy them today, but you have to have patience to be able to do that."
Why to pensioners stampede? Everything is invested and they can see the default. They discover a better value of Pi.
The universe has a bunch of proton pensioners and they cause big bangs in our local multi-verse. Protons do the same thing, let everything expand until we get the better value of Pi then rush to the center to requant.
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