I just took the total NAV and I divided it by the shares.

And all of these guys benefit when stock markets go up.

But what it does is, it limits the interactions.

The only people who are customers of the financial press are money managers, financial planners, and things

Or I guess you can say that the share structure is locked from the beginning

So people who want to manage your wealth, stock brokers, mutual fund companies, anyone who can advertise.

Then came MlT, Bill Clinton handed him his diploma

Surely, just as we invest in R and D, two, three, four percent, of our GDP, of our economy, what if we put, let's say, one percent of public spending into social innovation, into elder care, new kinds of education, new ways of helping the disabled?

These funds are to philanthropy what venture capital, private equity, and eventually mutual funds are to investing, but with a twist because often a community forms around these funds, as it has at Acumen and other places.

I'll give you one very dramatic example of this a study that was done of investments in voluntary retirement plans.

But in the same time, those new shares could be traded on an open market and that combination or you can kind of view it as the combination of the due actually exist and they're called Exchange Traded Funds.

And what we looked at was whether the number of fund offerings available in a retirement savings plan, the 401(k) plan, does that affect people's likelihood to save more for tomorrow.

These actually do exchange trade hand on the stock exchanges, but these aren't officially ETF.

You really want to get the decision right if it's for all eternity, right?

A buy side analyst is someone who works for a hedge fund or works for Fidelity at a mutual fund.

And one of the first victims of difficult economic times,

He'd be willing to take a lower return as long as he was allowed to invest in less risky investments.

you have to buy this back from me at the NAV (net asset value) per share.

And what she found is that for every 10 mutual funds the employer offered, rate of participation went down two percent.

The amount of money you get.

And this woman is very happy now, bringing her products to the market.

You offer 50 funds 10 percent fewer employees participate than if you only offer five.

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.

And tons of people will buy it, especially hedge funds, and pension funds, and mutual funds, and bond investors.

Right now with only 400 under management, it would only be about 4 year

In the last video we had Pete starting an open ended mutual fund that was managed by Pete Inc.

Whatever you called him or his teachings

Investment

We need better places in this country. Public space.

Is that something that you are still invested in, that you still believe in the notion of investment?

Malibu Equity and Investments.

Well their intention was to take these home equity loans and put that money to work, invest it in some way.

He valued what we already had at 5 million dollars.

In this talk today, I want to present a different idea for why investing in early childhood education makes sense as a public investment.

So all of the people will essentially have their money doubled minus whatever Pete's expenses are. in the next few videos I'll go over a little bit more of the mechanics of an open ended mutual fund.

They're valuing these assets at 1 million.

Investing in professional development is not a cost.

As investors flee

Investing.

But communities are doing it.

Malibu Equity and Investments. Roger Van Zant.

So she ran away from home. And then went astray.

So essentially, these banks have a bunch of assets.

I'm going to look quickly at the fourth and fifth categories, which are innovation, competitions and social investing.

For the first time, a company is selling shares to the public, that is not just to these private investors.