I think it’s a good sentiment, but I strongly disagree with one aspect of this.
I think you can go very wrong by supporting mega charities.
Mega charities often do lots of things really badly, so aren’t really like index funds. In the charity field I don’t see why diversification would mean you would close in on the average. More likely the quality of all your interventions will written and you will do worse overall
Especially if your are just chasing the money like most mega charities, as you move to more and more areas you have less expertise in, your quality is likely to continue to deteriorate, rather than revert to a mean
I think it’s a good sentiment, but I strongly disagree with one aspect of this.
I think you can go very wrong by supporting mega charities.
Mega charities often do lots of things really badly, so aren’t really like index funds. In the charity field I don’t see why diversification would mean you would close in on the average. More likely the quality of all your interventions will written and you will do worse overall
Especially if your are just chasing the money like most mega charities, as you move to more and more areas you have less expertise in, your quality is likely to continue to deteriorate, rather than revert to a mean