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Let's say, hypothetically, I was in a group of 10 people.
Let's say all 10 of us make our own personal mutual fund, and we all join each others funds as well. 10 players in 10 different mutual funds.
What exactly is the benefit of this arrangement? Does it serve any purpose? Is it a waste of resources, inefficient? Would it not just be better to pool all our resources into 1 single mega mutual fund?
