1 Jan, 2018 → by ClaimboUser700953
Stealing Packets of Sugar
*SOLVED

4

Bold loves analogies. He compares investment managers to quarterbacks, golfers and baseball players. A worthless analogy in my humble opinion. Bold tells the story of his grandmother who steals packets of sugar from restaurants because she lived through the depression and remembers suger being rationed. He points out other things being rationed as well in those days; coffee, meat, tires, cars...he does not tell us if his grandmother steals any of these items for the same reason as the sugar packets. But he appears to justify that it would be ok to do so, since she's only doing it because of the memories of rationing. So try this analogy Mr. Bold. Stealing packets of sugar from restaurants seems to be a victimless crime to you. Well consider if everyone who came into the restaurant did that every single day the restaurant was open. Before long the restaurant would have to start charging for each packet and only bringing them out once payment has been collected. One person stealing a few packets goes unnoticed by the restauarant, however. This is kind of like the fees you suck out of each account MFS manages. It's just a "small percentage" and just like your grandmother you've figured out that people won't notice it. But over time it adds up to a hell of a lot of sugar!
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