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#15
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Which mutual funds do you own? Most people can name the fund, not the fund manager. The reputation of the company is the most important. People are always replaceable. PSA and JSA hire folks who they trust won't tarnish their reputation. If they do harm, they would be replaced. They survive and built a market because their level of expertise is pretty good. That means they get it right most of the time. In this world where we rely on the opinions of others in almost all aspects of our lives, right most of the time is all one can really expect.
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