> Poor people make lousy capital allocators Do they? My intuition would be that giving a thousand people a thousand bucks each would mostly have better results

> Poor people make lousy capital allocators Do they? My intuition would be that giving a thousand people a thousand bucks each would mostly have better results than giving one person a million bucks. Occasionally the rich come up with a Gates Foundation or whatever, but there's an opportunity cost to handing billions of dollars to billg too.