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23/07/16
00:23
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talking in round numbers, it's a very easy bet to understand.
if the fund folds, you get paid out at nav and make 10%.
if the fund stays open, i would expect price to fall 10%.
that's a 20% difference.
i'll take the bird in the hand, thank you very much.
and then what happens?
another opportunity to make money will come along.
it was ever thus.