3 ms·
Your comment got me thinking. Buffett has pledged 99% of his net worth to charity when he's gone, and has enlisted other wealthy entrepreneurs to follow suit by
by firebones 16y ago
Your comment got me thinking. Buffett has pledged 99% of his net worth to charity when he's gone, and has enlisted other wealthy entrepreneurs to follow suit by donating at least 50%. Will that allocation of capital produce greater good than would a lesser amount garnered through investments based not on seeking the best ROI but instead based on furthering the greater good?
Honest questions, and ones that I don't have the answers to: has his contribution to Coca-Cola and Philip Morris as an investor harmed the greater good more than the $44 billion or so of his net worth that will flow to charities? Could entrepreneurs and capitalists create more good with that $44 billion than the Gates Foundation?