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We're all partners, except Morgan here,
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and Morgan is a brilliant student just finishing the Yale school
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and I'm his advocate.
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I say, "Morgan, I'm going to make you a partner."
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What do I have to do to make that happen?
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In theory, there are ways to shortcut this,
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but in theory I have to get the consent of all of you.
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And then suppose I say,
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"I'm tired and old and I want out.
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I'm going to sell Jim Alexander my partnership,"
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and Jim Alexander is generous enough
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to offer me a large sum of money for that partnership.