-VSSV^[\YI\SLUJLHY[WYVQLJ[ &RQWDFW,QIR $35,/7+ %ULH5XDLV *XLGLQJVFXOSWRU%ULH5XDLVËLQTXLU\LQWRWKHFRUSRUHDOH[SHULHQFH LVDSUDFWLFHFKDUDFWHUL]HGE\WKUHHFRQVWDQWFRQGLWLRQV7KHILUVW FRQFHUQVPHDVXUHPHQW$WWKHLUOLJKWHVWWKHPDVVHVRIFOD\ZLWK ZKLFKVKHZRUNVSUHFLVHO\PDWFKKHUWKHQFXUUHQWERG\ZHLJKW 7KHVHFRQGVKHGRHVQRWXVHWRROV7KLUGHDFKSLHFHEHJLQVZLWKD ZULWWHQVHWRIGLUHFWLRQVGHVFULELQJZKDWVKHË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ËV UHVHPEODQFHWRWKHHDUWKHQODQGVFDSHVKHWKRXJKWIXOO\RIIHUV Î(YHU\WKLQJLQWKHGLVWDQFHLVSXUHSHUFHSWLRQÏ Î<RXËUHRQO\UHDOO\IDPLOLDUZLWKWKHHDUWKRUODQGVFDSHWKDWËV LQFORVHSUR[LPLW\WR\RX<RXKDYHQËWEHHQWKHUHWRXFKLQJWKDW WUHHRUFOLPELQJWKDWPRXQWDLQØRUHYHQLI\RXKDYH>ZKLOH SK\VLFDOO\VHSDUDWHGIURPLW@\RXËUHMXVWLPDJLQLQJLW:KDWËV UHDOLVZKDWËVLQFORVHSUR[LPLW\WR\RXUERG\ZKDWËVLQ\RXU LPPHGLDWHSK\VLFDOH[SHULHQFHÏ $WLWVFRUHWKLVVWDWHPHQWDFNQRZOHGJHVWKHSDUWLFXODUW\SHRI DIILUPDWLRQWKDWSK\VLFDOVHQVDWLRQSURYLGHV,WUHFRJQL]HVWKH OLWHUDOQHVVRISK\VLFDOLW\DQGWKHGLVWLQFWLYHVRUWRIUHFNRQLQJDQG RULHQWDWLRQWKDWLWREOLJDWHV5XDLVËIDVFLQDWLRQZLWKWKHSK\VLFDO SDUWRIDUWPDNLQJEHJLQVKHUHZLWKDQXUJHWRH[SORUHWKHVH IXQGDPHQWDOTXDOLWLHV+HUSDUDPHWHUVWKHQDLGKHULQYHVWLJDWLRQ E\SXULI\LQJWKH0DNLQJSDUWRIWKHSURFHVVE\VWULSSLQJDZD\ IURPÎSXWWLQJWRJHWKHUÏWKHILJXULQJWKHVW\OLQJWKHORYLQJDQG KDWLQJ7KH\FOHDUDVSDFHIRUDQXQHQFXPEHUHGSK\VLFDO H[SHULHQFH ,QVSLWHRI5XDLVËWDUJHWHGIRFXVRQWKHLQWULFDFLHVRISK\VLFDOLW\ VKHSUHVHQWVSK\VLFDOLW\LWVHOIDVRQHOD\HULQWKHPXOWLWLUHG SKHQRPHQRQRIH[SHULHQFH6KHWHOOVPHÎ7KHUHDVRQ,HYHQ VWDUWHGZLWKWKHVHZRUNVLVEHFDXVH,KDGWKLVVWURQJIHHOLQJWKLV VWURQJGULYHWRVSUHDGRXWWKHFOD\OLNHIOD\LQJVNLQRUFXWWLQJRSHQ DILVK-XVWVSUHDGLQJWKHERG\RXWÏ$VWKLVVWDWHPHQWLPSOLHVWKH FRQFHSWVIURPZKLFKKHUSLHFHVJHQHUDWHDUHRIWHQTXDVLRU RYHUWO\PHWDSK\VLFDO&RQVLGHU+RZ2QH&DQ%H7ZROEV 7ZRSHRSOH¶VFRPELQHGERG\ZHLJKWLQFOD\RU7ZR:D\V7RZDUGV &HQWHUOEV%RWKGHULYHIURPDQRQJRLQJFRQWHPSODWLRQRIWKH LGHDRIFRXSOLQJRIWZRSHRSOHORYLQJDQGZRUNLQJDQGOLYLQJRQH DQRWKHU6KHPDGH+RZ2QH&DQ%H7ZRE\IODWWHQLQJDWKUHH KXQGUHGSRXQGPDVVRIFOD\ÆWKHHTXLYDOHQWRIWZRKXPDQERG\ ZHLJKWVÆLQWRDODUJHIODWFLUFOHDQGWKHQWHDULQJRXWDVL]DEOH SRUWLRQRIWKHPLGGOH7KHWZRSLHFHVZHUHGLVSOD\HGDGMDFHQWWR RQHDQRWKHUWKHULQJRQWKHZDOOWKHFLUFOHRQWKHIORRU)RU7ZR :D\V7RZDUGV&HQWHUVKHSXVKHGKHUERG\ZHLJKWLQFOD\WRZDUG DQRWKHUSHUVRQZKRVLPXOWDQHRXVO\SXVKHGKLVERG\ZHLJKWLQ FOD\WRZDUGVKHU:KHQWKHLUVHSDUDWHWUDLOVRIFOD\PHWERWK SXVKHGWKHLUUHPDLQGHUVYHUWLFDOO\1RWHWKDWLQERWKZRUNVWKH IXQGDPHQWDOOLWHUDOPRVWGHILQLWLRQRIFRXSOLQJLVGRXEOLQJ 3OD\HGRXWWKHQ5XDLVË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ËVIXQGDPHQWDOTXDOLWLHV5HFDOOWKDWDW WKLVMXQFWXUHVKHZRXOGKDYHDOUHDG\GHWHUPLQHGWKHIRUPDQG VWHSVIRUFRPSOHWLRQWKHVHZLOOQRWEHFKDQJHG6RDQLQDELOLW\WR JHWWKHFOD\LQWRWKDWIRUPLQWKHWKLUW\PLQXWHVWRDQKRXUEHIRUH LWGULHVPHDQVQRWRQO\WKDWWKHSLHFHLVIDLOHGPRUHSRLQWHGO\WKDW VKHZDVXQDEOHWRQHJRWLDWHWKHFOD\ËVSK\VLFDOLW\ZLWKKHU FRUSRUHDOLW\6KRXOGRQHEUHDNDVKDGKDSSHQHGWRKHUPXOWLSOH WLPHVZRUNLQJRQWKH+ROGLQJ8S$6SDFHVHULHVVKHH[SODLQVWKDW PDQ\SLHFHVIDLOHGEHFDXVHVKHVLPSO\FRXOGQË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ËVELJFXULRXV7KRXJKW)RUPVDUHDEVRUELQJ 7KHILUVWORRNLQVLVWVRQDFORVHURQHDQGFORVHURQHVDIWHUWKDW 7KH\KDYHSHFXOLDUQDPHVXQSUHGLFWDEOHERXQGDULHVDQGVWULNLQJ FRORULQJ(GJHVIROGHGDZD\IURPWKHZDOORUFHLOLQJRUERRNFDVH WRZKLFKWKH\ËUHPRXQWHGUHYHDOGHOLEHUDWHSDLQWLQJRQWKHKLGGHQ VLGH(YHU\WKLQJDERXWWKHPDWWUDFWVDWWHQWLRQDQGWKLVLVH[DFWO\ DV)ULHGPDQZRXOGKDYHLW7RDWWUDFWDWWHQWLRQÅHPRWLRQDO DWWHQWLRQLQSDUWLFXODUÆLVWKHZRUNËVFHQWUDODVSLUDWLRQ (DFKUHSUHVHQWVVRPHWKLQJWKDW)ULHGPDQKDVSHUVRQDOO\ H[SHULHQFHGDQGVKHQDPHVWKHPDFFRUGLQJO\7LWOHVOLNH)RUZDUG RU)RFXVRU9DJXH5HOLJLRXV)HHOLQJFRXSOHGZLWKKHUSDVVLRQDWH HPSOR\RIFRORUWH[WXUHDQGGLPHQVLRQPDNHWKHPIHHOUHYHDOLQJ
© Copyright 2026 Paperzz