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> And a traditional investor who made billions on successful gambles, or arbitrage, or creating liquidity, then gave virtually all of it away to effective chari
by scandox 4y ago
> And a traditional investor who made billions on successful gambles, or arbitrage, or creating liquidity, then gave virtually all of it away to effective charities, would seem, on net, way ahead of most of us morally.
This is madness. Morality is not a game with points.
- ETH_start 4y agoOf course it's not strictly points, but capturing a large chunk of profits that would inevitably be earned by someone in the zero-sum trade that occurs in financial markets (though traditional finance, despite the trope, is not zero sum), and donating it, means having a greater positive effect on society than most.