Private equity valuations cannot easily be revalued in 401ks because there is 'no real feedback mechanism'; once policy changes, the consequences are difficult to assess because counterfactuals cannot be observed.

factualpending

Speaker

Dave Nodic

Evidence Quote

“one of the problems with government action is that there is no real feedback mechanism once the change has been made”

Source

The Trillion Dollar Trap | Mike Green on Passive Investing's Fatal Design Flaw— Excess Returns
Created: 8/11/2026, 5:27:10 AM

My Notes

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