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I wasn't thinking so much about the amount of capital as to the fact that someone is willing to risk it on someone else's judgment. Money managers aren't known for trusting other people with their money; if they were, they'd be their clients. That someone is willing to do this indicates to me that he considers this "play money", a little loss leader he can dangle to get in on much bigger deals later. It's not really the amount of money going into these deals as to amount of money that it suggests is behind them.


All the amount placed into Muni Funds and ETFs is investing on other people's judgement : It's MASSIVE.




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