This meeting will start at 12:15, Sally the investment manager said to her new assistant. They were sitting in spartan cockpit-like chairs in a small, dark room. Pull the helmet down from the chair back and just be a fly on the wall.

He did, seeing a empty, colorless space gradually filling with outlines that, in turn, became rich browns and greens of a walnut-paneled conference room. Their gray-haired client, in his mid-50s, was sitting in an overstuffed chair across from them. Changed your decorator again, he snorted. How many basis points will this cost me?

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