We got a second address. There's a coowner.

We will bring justice to those who harm our citizens and our friends, and we will stand with our allies.

Maybe I didn't put enough money in the joint account.

The amount of money you get.

And so, it was really those lessons that made me decide to build Acumen Fund about six years ago.

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.

They're valuing these assets at 1 million.

Investing in professional development is not a cost.

As investors flee

Investing.

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?

But communities are doing it.

Malibu Equity and Investments. Roger Van Zant.

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

So essentially, these banks have a bunch of assets.

local, action based partnerships and cross scale institutional innovations, where local actors, together, can deal with the global commons at a large scale.

And I'll show you why that matters in a second.

Big investors.

Investment in what?

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.

Now, who are they accountable to?

They announced very publicly that they're shifting funds to the political opposition.

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

The we connotes community the extended family system.

Let me put that.

Just Manic Enough.

Consider it a capital investment.

I want investment.

The last two examples I gave contribute to the collective wealth society, some of which you share, and that is your return on the investment.

Did you know that 40 percent of the wealth created in Africa is not invested here in Africa?

And this is the important thing.

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

So you can imagine, this is the actual amount of cash that

This is the total actual value.

Now how does that work out?

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

We said before any of this stuff on the top existed, the pre money valuation of just our idea was 5 million.

Good bye. Hey!

Cold, isn't it?

I'm in Kobe 10 days each month.

I shall endure! How terrible!

Goodness, so much money.