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Mirowski’s plan to diversify her portfolio with the help of
Goldman Sachs.
On May 11, 2000, representatives from Goldman Sachs made a
presentation to Ms. Mirowski. During that presentation, those
representatives described various strategies and considerations
relating to investment management, including an overview of asset
allocation and its importance in various portfolio allocation
scenarios. Ms. Mirowski met or spoke with representatives from
Goldman Sachs approximately three to five times a month in order
to obtain an update on her investment portfolio and the moneys
(e.g., interest payments) deposited into Ms. Mirowski’s Goldman
Sachs account. From time to time after Ms. Mirowski opened Ms.
Mirowski’s Goldman Sachs account, representatives of that firm
advised her regarding particular investments or investment
strategies. At times she accepted the suggestions of those
representatives, and at other times she rejected them. Ms.
Mirowski was a decisive investor and actively made every decision
regarding the purchase of securities by Goldman Sachs for Ms.
Mirowski’s Goldman Sachs account. In early 2001, after Ms.
Mirowski came to trust the Goldman Sachs representatives with
whom she was dealing, she decided to consolidate all of her
investments into the one account with Goldman Sachs that she had
established (i.e., Ms. Mirowski’s Goldman Sachs account).
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Last modified: March 27, 2008