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

But what it does is, it limits the interactions.

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

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.

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.

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

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.

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

Then came MlT, Bill Clinton handed him his diploma

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

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

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.

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.

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

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

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

Whatever you called him or his teachings

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

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

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.

It's already immersed in social networks.

The company is 51 owned by American capital.

A 6 yield is guaranteed on the investment.

Investment

Now, who are they accountable to?

You don't even need the loan.

And it's legitimate monopoly of means of violence, administrative control, management of public finances, investment in human capital, provision of citizenship rights, provision of infrastructure, management of the tangible and intangible assets of the state through regulation, creation of the market, international agreements, including public borrowing, and then, most importantly, rule of law.

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.

We really need to develop models, business models, where coastal conservation is an investment, because we already know that these marine reserves provide social, ecological and economic benefits.

He valued what we already had at 5 million dollars.

And now, what percentage do each of us own?

They're valuing these assets at 1 million.

Investing in professional development is not a cost.

As investors flee

Investing.

Investment has to be, in the new economy, protecting and nurturing the ecological assets on which our future depends.

Malibu Equity and Investments. Roger Van Zant.

So once again, I'm stuck holding this non liquid asset.