Every single Harvard employee is now automatically enrolled in a lifecycle fund.

And we covered that a couple of videos ago.

The disadvantage from the fund manager here is it's much less flexible in terms of growing or shrinking the fund

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

This is just a stressful situation.

Grandfather, the clinic, the foundation,

That's what I'm going to talk about here

All kinds of funds and brokerages.

I hope you'll challenge it with courage

Let's continue with the story of

So what happens?

And it was that that whole philosophy that encouraged me to start my current endeavor called Acumen Fund, which is trying to build some mini blueprints for how we might do that in water, health and housing in Pakistan, India, Kenya, Tanzania and Egypt.

Now we'll have 2 billion shares.

So, in the first video,

And a closed end fund

Take a look at these.

But let's say that that's not on the table anymore either.

But that probably had you asking

The company had to raise more money.

But you're like, no I want to sell them.

but there's not a chance I'm gonna let you direct our fund.

But I am seeing in the major funders, in CARE, Rockefeller,

I am sorry to hear you say that.

Lehman Brothers went into bankruptcy.

There were big health innovation funds

No one wants to jump in and give them equity, no sovereign wealth fund.

So we talked about those situations with the sovereign wealth funds.

So from the public

I was wondering why she didn't do anything after the wedding.

And maybe in 10 years they might come back.

So he is able to raise 2000

JiHoo's?

If this is an open ended fund, what is a closed ended fund or do they even exist?

We actually showed how this bank got quote unquote bailed out.

And you say, who wants to buy my CDOs?

Now, this is all a nonprofit enterprise, and so the money that we raise, after we cover the cost of doing the testing and making the kit components, gets plowed back into the project.

Or enough of a loan to pay off that loan.

Let's do that.

The person who runs it nicely describes it as

But what can happen so you might say well in a closed end fund

It's that he challenged another assumption, that every giver should have his or her own fund or foundation.

Closed end funds and closed end funds on some level are a little bit simpler

Those can only take funds from certain types of sophisticated investors. and what happens in Pete's fund, and this is going to be an open ended mutual fund that we're showing here, and most mutual funds are like that.

If you need to buy a house, or if you owe money to somebody so you want to get the value of your share back and the answer with a closed end fund is that you would then go sell your share to someone else so this right here you can trade it

And you often see that problem when it comes down to those long lists of all these funds.