And we covered that a couple of videos ago.

And where he came from, nobody don't seem to know.

Grandfather, the clinic, the foundation,

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

All kinds of funds and brokerages.

Let's continue with the story of

So what happens?

Take a look at these.

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

But that probably had you asking

So, in the first video,

And a closed end fund

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

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.

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

There were big health innovation funds

The company had to raise more money.

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

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

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

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

Now we'll have 2 billion shares.

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?

This is just a stressful situation.

Or enough of a loan to pay off that loan.

Lehman Brothers went into bankruptcy.

So from the public

Let's do that.

The person who runs it nicely describes it as

I hope you'll challenge it with courage

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

I am sorry to hear you say that.

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

And you say, who wants to buy my CDOs?

And maybe in 10 years they might come back.

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

The whole green dream because it can be profitable.

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

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

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

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

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

So this program has split into an NGO foundation, a Fab Foundation to support the scaling, a micro VC fund.