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> But why would anyone convert all their wealth into cash? How would you setup a malaria fund of 10 billion, otherwise ?
by foobar_ 6y ago
> But why would anyone convert all their wealth into cash?
How would you setup a malaria fund of 10 billion, otherwise ?
- Someone 6y agoYou give it 10 billion worth of ‘stuff’ (or promise to do so over a number of years) A charity fund of that size will invest its money, anyways, until it has found a way to spend it (well) on its cause, so you can just as well give it bonds, buildings, or shares.