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That makes about as much sense as asking a pediatrician how to fix your plumbing, yet I see it again and again in the financial sphere--because people are good at making money by any means necessary they assume they should be running the country. Their me-first Ayn Randian inspired philosophy is exactly the opposite of what you need in the public-servant sphere. The other thing I've discovered through long experience is that many of these superb investors aren't exceptionally bright in general, just good at the one thing--making money--and crass ignoramouses otherwise. I won't name names, but you've named a couple yourself in the past.Like many financiers who have achieved his level of success, Singer sees himself as more than a skillful player in the markets; he conducts himself like a public intellectual whose ideas on policy—on everything from taxation to regulation, education, and foreign affairs—should be heeded by politicians and other decision-makers on both a national and a local level.
but will it work with a fund like BCSIX? For some funds, in order to buy more shares you not only need to be an existing shareholder now, but also as of the date the fund closed. The prospectus for BCSIX reads:The Fund has discontinued all sales of its shares, except shares purchased by: (1) existing shareholders (including shares acquired through the reinvestment of dividends and distributions and those who received Fund shares in connection with a reorganization);
But not into a younger account.Existing shareholders as of October 18, 2013, the Fund’s closing date, are permitted to make additional investments in any account that held shares of the Fund on that date
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