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What Is Your Mandate?
i think a lot of retail traders, investors might miss this when we start talking about a institutional hitage funds. The idea is, like, i need you to do a very specific thing, right? Like an, you're an equit vall space. And then specifically use a lot of like dispersion trades and single name equities. You could be searching for cheap convexity around the world, but that's not your mandate, right? So everybody woudthink you'd be able to go anywhere or do anything, and you should be able to make money all the time. But that's not what you do.