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Why has DFA been established as a non-profit enterprise?

April 26, 2017dfa Enterprise non-profit

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Why has DFA been established as a non-profit enterprise?

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DFA has been established as a non-profit enterprise so that it can maintain its focus on saving and improving the lives of people in resource-poor settings. For-profit firms are obligated to deploy resources to maximize returns to their shareholders, and this obligation would inevitably pull DFA away from its mission. But we are as purposeful and goal-driven as any for-profit firm.