Gates has more money than he knows what to do with. If he wants to spend another hundred billion, he could just donate it himself. He doesn’t have quite as much money outside the foundation as Buffet, but almost. Donating to Gates has zero value. Maybe spending on militias has negative value, but so do most of these foundations.
Donating to Gates was a bad idea 20 years ago. Maybe there was some option value that he would think of a way to spend the money, but he didn’t. Gates should have tried to convince Buffet to donate not his money but his time, his expertise in management. Maybe he tried, but he failed 20 years ago and today changes nothing.
Gates has more money than he knows what to do with. If he wants to spend another hundred billion, he could just donate it himself. He doesn’t have quite as much money outside the foundation as Buffet, but almost. Donating to Gates has zero value. Maybe spending on militias has negative value, but so do most of these foundations.
Donating to Gates was a bad idea 20 years ago. Maybe there was some option value that he would think of a way to spend the money, but he didn’t. Gates should have tried to convince Buffet to donate not his money but his time, his expertise in management. Maybe he tried, but he failed 20 years ago and today changes nothing.