I agree that it doesn’t make sense to make extremely risky investments and then be very risk-averse with your donations.
I’m not sure about the donation recommendations. Why should donors have a small core of low-risk donations? Why not donate all their money to the single highest-EV opportunity? Or why not give to a few different opportunities that they believe are the best candidates for highest-EV, without concern for risk?
I think these a very defensible recommendations but, without knowing anything about a specific donor, I didn’t want to give a maximalist recommendation. If the donor has the appetite and tolerance for it, these could be exciting options.
I agree that it doesn’t make sense to make extremely risky investments and then be very risk-averse with your donations.
I’m not sure about the donation recommendations. Why should donors have a small core of low-risk donations? Why not donate all their money to the single highest-EV opportunity? Or why not give to a few different opportunities that they believe are the best candidates for highest-EV, without concern for risk?
I think these a very defensible recommendations but, without knowing anything about a specific donor, I didn’t want to give a maximalist recommendation. If the donor has the appetite and tolerance for it, these could be exciting options.
As you say, I wouldn’t recommend going all-in on the single max-EV idea, but I would recommend backing a spread of them.