The Accounting
They took the growth.
Every year, they took almost exactly what it earned, and left the principal alone, and so every statement showed a balance that had not gone down.
“That is not greed.
That is nineteen years of discipline.”
Part Twenty-Nine: What Reasonable Means
The instrument says the trustees are entitled to reasonable compensation. Those two words are in almost every trust written in this country.
Nobody ever writes a number.