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I'm so confused, why is it that altruistic things shouldn't be subject to any risk-optimization but individual things are provably logarithmic? I agree that you should be more risk averse with personal investments but you're claiming something much stronger and less true.

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Why can't that be true of personal gains?

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and

again, my point isn't that you shouldn't be at all risk averse with personal gains, just that you're making a *much* stronger statement than that

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nah it's fine if it's just cash -- just not sure why you think that cash for yourself is perfectly log but cash for altruism could be totally different

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SBF

@SBF_FTX

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@tbr90

k gonna stop spending time on this for now but really not sure what you're trying to say with "optimizes for total wealth"; it doesn't e.g. optimize for EV of wealth, or median wealth, or odds of having higher wealth; it optimizes for a very specific thing in some specific cases.

8:30 AM · Dec 14, 2020Twitter Web App

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and

It optimizes for odds of having highest wealth with lowest chance if ruin. If you don't care about ruin, do whatever you want, and label it linear or whatever you want.