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You can be comfortable with donating to charity but also have strong opinions on which charities you want to support. The confusing bit is that it's presented
by jefftk 3y ago
You can be comfortable with donating to charity but also have strong opinions on which charities you want to support.
The confusing bit is that it's presented as half of the income, where unless you spend some time looking at the math it's probably not obvious that for longer timescales this ends up being close half of the total.
- naniwaduni 3y agoI lean toward thinking that if it seems nonobvious, then you're clearly not in a great position to be making "long bets", no? If you're making $1MM bets with 10-year timescales, I expect you to either understand this or rightly burn a quarter of your bet value over it. It's not specialized knowledge or anything, it's practically foundational to American retirement planning.