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To: TTOSBT who wrote (796)8/2/1998 6:16:00 PM
From: Mark Bracey  Read Replies (1) | Respond to of 5102
 
How would their wife's appeasement have anything to do with public funds?

Didn't you see the movie "Trading Places" with Eddie Murphy? They have to sell the stock in the portfolio so they can get their wives the diamond broach and their kids the G.I. Joe with the kungfu grip!



To: TTOSBT who wrote (796)8/3/1998 1:44:00 PM
From: David W. Taylor  Respond to of 5102
 
>> Now I'm confused? How do fund managers sell fund shares for their own gains? Doesn't all the buying,Selling and holdings belong to the fund they manage? And don't they have a fund prospectus agenda they must following? How would their wife's appeasement have anything to do with public funds? >>

Fund Managers identify with their fund. It was bad phrasing on my part. I meant to say their "own fund's gains."

They have wives. Wives need to see their husbands once in a while. To keep their wives happy these managers agree to go on vacation with them in August. In order not to have the worry of losing "their" gains, while they are on the beach, they "lock-in" some of "their" fund's gains.