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Regular pension funds don't get involved in this shit. It's too volatile. Which is exactly why they deserve to lose everything. If you read the WSB threads, you'd see that a lot of these 'hot heads' are working class people about to make life-changing sums of money off the backs of greedy hedge fund fucks.
It's worth remembering that most of us rely on fund managers to earn money with our pension funds so that we can retire. So this WSB effort is taking money from ordinary working folks and giving it to a few hot-heads.