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If he wants to deploy it efficiently, without needing to build a bureaucracy around it, he could do what Buffett is doing: donate it to the Gates Foundation. It
by ascorbic 8y ago
If he wants to deploy it efficiently, without needing to build a bureaucracy around it, he could do what Buffett is doing: donate it to the Gates Foundation. It's not great if you want vanity projects, but if he really wants to do good then it's hard to think of a better way.
- occamrazor 8y agoThe Gates Foundation is also a bureaucracy facing the same problems described by GP. Moreover I guess that economies of scale are not so significant after a certain point. I would prefer five different 100B foundations, rather than a 500B one, to encourage diversity in the donation strategy and goals.
- ascorbic 8y agoYes, and any organisation of that scale will have bureaucracy. My point is that he could avoid needing to build another one by using a fund that already exists and has a proven track record.
- occamrazor 8y agoI agree with you on that. My counterpoint is that marginal economies of scale are small, if not negative, at the size of Gates Foundation, and that having some diversity among foundations may be itself an advantage.
- sametmax 8y agoHaving worked in a mission financed by the Gates foundation I can tell you that a LOT of money leaves between the moment it's donated and the moment it's used in the field.
- deleted 8y ago[deleted]