Lots of EAs made lots of money from early investments in OpenAI and Anthropic. Lots of hedge funds have consistently higher risk-adjusted returns relative to major equity indices, including Walleye Capital (my employer), most famously RenTech, and many more. I know people whoâve built their wealth off of well-timed real estate investments. None of these opportunities are available to people without significant wealth.
On donations, based on your writing that donors âcan always start directing the money to new causes if their existing causes donât have roomâ, it seems like weâre in agreement? My claim is just that if youâve gone from funding 1% of your favorite orgâs budget to funding 30%+ with a lot of room to spare, that might be the time to research other orgs to diversify your contributions and avoid key-person risk.
(I didnât downvote you btw.)
Lots of EAs made lots of money from early investments in OpenAI and Anthropic. Lots of hedge funds have consistently higher risk-adjusted returns relative to major equity indices, including Walleye Capital (my employer), most famously RenTech, and many more. I know people whoâve built their wealth off of well-timed real estate investments. None of these opportunities are available to people without significant wealth.
On donations, based on your writing that donors âcan always start directing the money to new causes if their existing causes donât have roomâ, it seems like weâre in agreement? My claim is just that if youâve gone from funding 1% of your favorite orgâs budget to funding 30%+ with a lot of room to spare, that might be the time to research other orgs to diversify your contributions and avoid key-person risk.