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significantly outperforming investments that she and her husband
managed on their own. As a result of the investment experience
and success of the Goldman Sachs account of Ginat Mirowski and
her husband, about which Ginat Mirowski told her mother, Ms.
Mirowski began to realize that her investment portfolio could
perform better if she were to diversify that portfolio and
consolidate her investments at one investment firm.
Ms. Mirowski was a careful, deliberate, and thoughtful
decisionmaker, especially with respect to financial matters. It
was not until December 26, 1998, approximately 10 months after
Ms. Mirowski first met with Mr. Lewin in February of that year,
that she opened an account with Goldman Sachs (Ms. Mirowski’s
Goldman Sachs account). For an initial period after she opened
that account, Ms. Mirowski continued to maintain investment
accounts with other investment and financial institutions.
Beginning in January 1999, Ms. Mirowski deposited certain
cash and securities into Ms. Mirowski’s Goldman Sachs account.
Initially, the securities that Ms. Mirowski deposited into Ms.
Mirowski’s Goldman Sachs account consisted of U.S. Treasury
securities. Shortly after Ms. Mirowski opened Ms. Mirowski’s
Goldman Sachs account, at her direction, Goldman Sachs purchased
municipal bonds for that account. Thereafter, at Ms. Mirowski’s
direction, Goldman Sachs purchased equities for Ms. Mirowski’s
Goldman Sachs account. All of those purchases were part of Ms.
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