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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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April Issue

“The New York Times (3/19/21) reports that many SPACs collect money first and find something to invest in second, which has led to intense pressure to find investable uses for their stash”

Many SPACs do this? Nice reporting NYT... This is what you get when non-investment people are responsible for investment journalism. Try 100% of them raise money first and then invest it second. It’s a requirement to be a SPAC.

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