About a year ago there was discussion on Twitter about how EA was highly concentrated in crypto and tech stocks. Someone asked if it could/​should be hedged. The reply was that there was not appetite for hedging. I remember thinking to myself that I’m sure the ultimate beneficiaries of the EA causes would have appetite, but clearly it was not their decision, it was SBFs. I guess someone could ask if, from a moral perspective, he should have looked at the decision about whether or not to hedge from the perspective of the ultimate beneficiaries.
About a year ago there was discussion on Twitter about how EA was highly concentrated in crypto and tech stocks. Someone asked if it could/​should be hedged. The reply was that there was not appetite for hedging. I remember thinking to myself that I’m sure the ultimate beneficiaries of the EA causes would have appetite, but clearly it was not their decision, it was SBFs. I guess someone could ask if, from a moral perspective, he should have looked at the decision about whether or not to hedge from the perspective of the ultimate beneficiaries.