<p>This begs a couple of simple questions that should be addressed to these guys making millions of dollars managing billions of dollars of donor money:
- How do you determine what these alternative investments are worth?
I think the answer to this would be the funds that we invest with tell us what they are worth.</p>
<p>Which begets the critical question:
2. What gives you reason to believe that what they are telling you their stuff is worth actually is worth that much? I’d be very interested in their answer to this.</p>