I think impact compounding is less reliable than stock market returns. The first stunner might be much more impactful (in shaping norms) than the 1000th. The impact of AI safety orgs remain to be seen. Meanwhile, that 6-7% in stock returns is somewhat consistent (though I think it’s closer to 5% in real terms. Also, I’m assuming you would donate the assets directly to avoid tax).
I’m also unsure of what skill can only be learned by the practice of donating as opposed to, for example, reading grant reports to understand funders’ reasoning. I suppose you learn more about yourself and how you think about giving, and you develop better habits, but that isn’t a skill.
However, I think now is generally better than later and agree that death is an arbitrary cash-in point.
I think impact compounding is less reliable than stock market returns. The first stunner might be much more impactful (in shaping norms) than the 1000th. The impact of AI safety orgs remain to be seen. Meanwhile, that 6-7% in stock returns is somewhat consistent (though I think it’s closer to 5% in real terms. Also, I’m assuming you would donate the assets directly to avoid tax).
I’m also unsure of what skill can only be learned by the practice of donating as opposed to, for example, reading grant reports to understand funders’ reasoning. I suppose you learn more about yourself and how you think about giving, and you develop better habits, but that isn’t a skill.
However, I think now is generally better than later and agree that death is an arbitrary cash-in point.