A question I've long had about @GiveWell. Anyone have any thoughts? cc @ch402 @albrgr @tylercowenpic.twitter.com/Z8NHOtdSuI
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standard case for diversification in investing has a lot to do with risk aversion, doesn't seem like it applies in charity.
I think a different argument still applies, which is that (at scale) it's a mistake to only allocate money to a few winners.
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I think that is true for "the market" but GW moved ~$110M last year, ~$320B to charity in US. We're marginal for magnitudes
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I realize that - that's why I've emphasized at scale, and if GW becomes dominant.
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