RE: Fw: Jeffrey Epstein
Hello Larry. Jeffrey Epstein will be in New York next week and he is wondering if you might have any plans to come this way as well. He would still love to have you to his home...
Please let me know.
Thank you,
Lesley
Assistant to Jeffrey Epstein
Alas I doubt it
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Ok. I will let him know. Take care!
What number is he at
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Jeffrey said to tell you: "you are spending too much time with the Obama's"! Jeffrey is at his Paris apartment... either-or or cell
Tell Jeff. Not for much longer and am interested in talking to him about nongovt world
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Jeffrey said great, we can set a call time, or he is happy to meet face to face
in Washington, NY or Cambridge. Let me know if we can organize a call or a face
to face meeting! Thanks, Lesley
Please fwd to Jeff.
Jeff—I've been thinking about your concept. Agree that it is very exciting but think also that it is complex to get started and to get paid. But I get that 500 billion of money will take the pledge and that you dont need a very big percent to do pretty splendidly.
Seems to me that main problems are:
I) How do they get to control and invest their money and still count it as pledged. In part this is about foundation tax rules, in part its about defining pledge, in part its about cutting their existing advisors in, in part its about structures that work with their existing businesses. Not sure what expertise I have but assume some of this is about mobilizing expertise the private wealth industry has.
For those who no longer want to or arc no longer able to manage their money, how do you perform the harvard management company function in a very good way. get access to best managers, use prestige and scale of investment to get low fees, have a theory of optimal horizon based investment that leads to some asset allocation strategy that has a little novelty that they can buy into.
Become central clearing house for social enterpreneurs and those with money. Hire staff that evaluates and sets bottom lines for all kinds of do good organizations, become a kind of rating agency that evaluates magnitude of needs and tells orgs what they have to do to qualify. Organize equivalent of angel investor clubs. Develop capacity to locate people to start new projects for those with visions.
Problems for me in this is I am terrible at sucking up, seeking clients etc. How does one position this so they are the supplicants?
talk soon.
L
interesting questions , but mainly irrelevant.. ( I guess the tone , of my response, is what gets you and I , in trouble. ).. the pledges are not enforcable, therefore outside tax restrictions . What is in super short supply is INTEGRITY , which you have more than anyone else i can think of. That, combined with a knowledge of the international financial markets, in general, but more importantly you are thoughtful about money issues , have vast experience first hand how, it can be used for both good and bad, in an estate context , ( children with more dollars than sense ), institutions and their achilles heels, programs and their realistic lifespan, science and its potential for creating real change. The pledges , change the dynamics, because the donors, mentally have sectioned it into , their money and the less important piece to be given away. Lets assume that someone wanted to give money to Harvard . Could you think of anyone better than you, to advise structure , pitfalls. unintended consequences, responsible guardianship.. I can't/ anyway , I am Dubai, with Sheik MO, having just left the Abu Dhabi duo, with more that 1 trillion in their purse, . Look forward to our face to face. I'm waitng outiside the perimeter fence, ( shawshank Redemption ) , with a warm smile to congragulate you on your freedom.
I will pass along