Philanthropy has a low ROI.
They should rather put their money in a VC fund, and invest it in promising ventures, lead by visionaries.
Addendum: WSJ
Philanthropy has a low ROI.
They should rather put their money in a VC fund, and invest it in promising ventures, lead by visionaries.
Addendum: WSJ
This morning, I wrote that I disaprove Bill Gates and Warren Buffett’-s Giving Pledge operation, because I rather favor billionaires investing in young startups lead by visionaries. Well, just after the publication of that post, I stumbled on the “-Audacious Optimism”- event, which satisfies my request.
The Thiel Foundation is encouraging philanthropists to donate more money to scientific pursuits that could lead to big breakthroughs in medicine, artificial intelligence, and nanotechnology, among other fields.
Note that Peter Thiel draws a distinction between “extensive” technologies, which “take things that are working and replicate them”-, and “intensive” technologies, which try to “take the things that are best in the world and make them qualitatively and dramatically better”-.
Peter Schiff (November 13, 2009):
Peter Schiff (November 9, 2009) on US dollar carry trade:
http://en.wikipedia.org/wiki/Peter_Schiff
He is running for US Senate:
Hilarious. Right-click on the image to open the link in another tab. Enjoy.
Read the previous blog posts by Chris F. Masse: