... efforts.Nonetheless, after months of study, the directors of the funds accepted my recommendation that we separate the activities of the funds themselves from their adviser and distributor, so that the ... stake—their rights as investment principals. These rights must include:(1) The right to have their money-manager/agents act solely in their behalf. The client, in short, must be king.(2) The ... I am the good shepherd: the good shepherd giveth his life for the sheep. But he that is a hireling, and not the shepherd, whose own the sheep are not, seeth the wolf coming, and leaveth the...