I don’t think the choice was between a diversified portfolio equal to SBF’s net worth and what EA actually got. I think the choice (if you can model it as a choice at all) was closer to something like SBF’s money or nothing.
SBF could have liquiditated and redistributed earlier rather than continuing to build risky leverage. This is true of any billionaire that may claim they’re trying to hoard more because they can in the long run then donate more
I don’t think the choice was between a diversified portfolio equal to SBF’s net worth and what EA actually got. I think the choice (if you can model it as a choice at all) was closer to something like SBF’s money or nothing.
(I didn’t downvote the parent comment though.)
SBF could have liquiditated and redistributed earlier rather than continuing to build risky leverage. This is true of any billionaire that may claim they’re trying to hoard more because they can in the long run then donate more