I understand, but I never said that diversification wasn’t good. Again, I commended the recommendation for diversification.
My error was thinking it was a claim about the median EA portfolio. My apologies.That said, the rest of my post still stands uncorrected. I should not be downvoted nor silenced to inquire if 80k (and others) provided financial advice that later proved catastrophic. 80k provided all sorts of awesome advice but is responsible enough to look back and identify where things were off the mark.
This is important to prevent future errors of this scale. I’m just asking and inquiring, rather than accusing. That’s why I asked Robert if it was the case. It may not be. There should be no harm or censuring in asking, but apparently I was wrong.
There were some financial predictions made about future returns, amidst a backdrop of optimism, and the worst possible outcome wasn’t considered and there was no warning. Most of the time this isn’t an issue. This time it was.
Elsewhere on the sight, SBF (via FTX) was the prime example of how to earn to give. Now a new paragon is needed for that strategy.
As Robert himself wrote, people were too quick to trust. Today the optimal strategy influential figures have adopted is to distance themselves from SBF’s projects. I don’t blame them for this. Wouldn’t you do the same? But there are lessons that need to be learned .
I understand, but I never said that diversification wasn’t good. Again, I commended the recommendation for diversification.
My error was thinking it was a claim about the median EA portfolio. My apologies.That said, the rest of my post still stands uncorrected. I should not be downvoted nor silenced to inquire if 80k (and others) provided financial advice that later proved catastrophic. 80k provided all sorts of awesome advice but is responsible enough to look back and identify where things were off the mark.
This is important to prevent future errors of this scale. I’m just asking and inquiring, rather than accusing. That’s why I asked Robert if it was the case. It may not be. There should be no harm or censuring in asking, but apparently I was wrong.
There were some financial predictions made about future returns, amidst a backdrop of optimism, and the worst possible outcome wasn’t considered and there was no warning. Most of the time this isn’t an issue. This time it was.
Elsewhere on the sight, SBF (via FTX) was the prime example of how to earn to give. Now a new paragon is needed for that strategy.
As Robert himself wrote, people were too quick to trust. Today the optimal strategy influential figures have adopted is to distance themselves from SBF’s projects. I don’t blame them for this. Wouldn’t you do the same? But there are lessons that need to be learned .