Also, how many are earning (salaried income), and how many investing (capital gains)? For the latter, they may have enough time to at least do some direct work part time (this is basically what I’m doing), or if they are a start-up founder, exit to direct work (I think this is kind of what Ben West did), and continue to donate if their capital continues to grow (I’m guessing Ben also does this). Although there are also other considerations around haste and use of time. Is it better to aim for $1B in a couple of decades, or spend down ~$10M now? And more time doesn’t linearly translate into more money with investing, it’s often just about noticing the really good opportunities, and that can be somewhat serendipitous.
I’m trying to advocate for “don’t think about this as a theoretical problem and hope to have one formula that works for everyone”.
I’d take the considerations of someone specific and try to solve those. After we’d do that 10 times maybe we can write a more generic formula, but not before, I don’t think. (I can explain why this is my opinion)
Also, how many are earning (salaried income), and how many investing (capital gains)? For the latter, they may have enough time to at least do some direct work part time (this is basically what I’m doing), or if they are a start-up founder, exit to direct work (I think this is kind of what Ben West did), and continue to donate if their capital continues to grow (I’m guessing Ben also does this). Although there are also other considerations around haste and use of time. Is it better to aim for $1B in a couple of decades, or spend down ~$10M now? And more time doesn’t linearly translate into more money with investing, it’s often just about noticing the really good opportunities, and that can be somewhat serendipitous.
I’m trying to advocate for “don’t think about this as a theoretical problem and hope to have one formula that works for everyone”.
I’d take the considerations of someone specific and try to solve those. After we’d do that 10 times maybe we can write a more generic formula, but not before, I don’t think. (I can explain why this is my opinion)