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
Why I am against those billionaires pledging to give away the majority of their wealth
Reply
Tag Archives: Warren Buffett
Bill Gates, Warren Buffett, and all the Giving Pledge billionaires, should rather do what Peter Thiel does -go investing their cash and/or (liquidated) fortune in futuristic projects. – [VIDEO]
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 on Wall Street, US dollar, US Treasury bonds, China, Barack Obama, US economy, US jobs, US housing market, US tax credits, US student loans, Warren Buffett, Bill Gates, America, capitalism, assett bubbles, US bailouts, Ron Paul, gold standard, paper money, our Founding Fathers, etc.
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:
WARREN BUFFETT: I said that the US dollar might be worth less in five to ten years -not that it might be worthless.
Hilarious. Right-click on the image to open the link in another tab. Enjoy.
Read the previous blog posts by Chris F. Masse:
- Eliot Spitzer has simply demonstrated once again that those who rise to the top of organizations are very often the most demented, conflicted individuals in any group.
- Business Risks & Prediction Markets
- Brand-new BetFair bet-matching logic proves to be very controversial with some event derivative traders.
- Jimmy Wales accused of editing Wikipedia for donations.
- What the prediction market experts said on Predictify
- Are you a MSR addict like Mike Giberson? Have nothing to do this week-end? Wanna trade on a play-money prediction exchange instead of watching cable TV? Wanna win an i-Phone?
- The secret Google document that Bo Cowgill doesn’t want you to see