I've had some successes doing UNM trades and some failures. Much like I've had with many of you. I often don't agree with Mike's valuations but I never question his good faith intention to improve the UNM teams while at the same time making trading available to the rest of us on a broader basis than if the UNM teams were off limits.

I don't think the problem of too many unmanaged teams will be solved one way or the other by this debate and whatever, if any, changes come from it. While it may help in the short term to have existing customers take more teams (and frankly I doubt Anthony's comment that he would put less time into a new team for half the price than he does in his current teams....he's too good a manager and too competitive for that), the only real answer is for Mike to get into a position where he can more widely market and improved product. They are working on the improved product. Whether there will be the resources to effectively market the product to attract new customers will be the big long term question.

In the meantime, I favor continuing trades between managed and UNM teams. It certainly isn't perfect but I think it's a better alternative than to stop the practice.

Mike