I think those who invest in mutual funds want someone else to do the thinking for them. But the fact that they can move the money around the family of mutual funds just through a phone call lets them feel that they can play tycoons. ↗
And here where the fact that we've given over half a billion dollars to New York really plays a role, because New York has already made a lot of investments in the kinds of things which you'd expect to have as basic security. ↗