MIchael:

> California State teachers retirement system just built a 14-story,
> 400,000-square-foot building office building.  I am curious.  Does it
> really require that much space to run a large investment fund?

Not at all!

Give me 10 people of my choice or, say, 50, to be a bit more realistic
since we will need lawyers and accountants, among others, and with
that many people, we can manage to do everything they are doing, if
not more and better. It is about buying and selling equities and
bonds, after all, is it not?

How many people do you need to do that?

Best,
Sabri
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