Nope. I bought Google, IBM, Microsoft, and a South American agribusiness company, all in an attempt to bet on guesses about long-term trends (information technology and maybe natural resources being really important). I’m unsure if this is a good idea—arguably I should focus on maximizing near-term expected returns—but it’s something I’m doing now. For reasons Paul gave, it’s at least no worse than investing in an index, but maybe I should have used the money for a larger Angel investment, I don’t know.
It could be worse, mostly by correlating your investment returns with the general success of the tech sector (with which your ordinary income is tightly linked, and moreover which drives much effective altruist philanthropy).
Nope. I bought Google, IBM, Microsoft, and a South American agribusiness company, all in an attempt to bet on guesses about long-term trends (information technology and maybe natural resources being really important). I’m unsure if this is a good idea—arguably I should focus on maximizing near-term expected returns—but it’s something I’m doing now. For reasons Paul gave, it’s at least no worse than investing in an index, but maybe I should have used the money for a larger Angel investment, I don’t know.
It could be worse, mostly by correlating your investment returns with the general success of the tech sector (with which your ordinary income is tightly linked, and moreover which drives much effective altruist philanthropy).