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mwengler comments on The curse of identity - Less Wrong

125 Post author: Kaj_Sotala 17 November 2011 07:28PM

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Comment author: mwengler 23 November 2011 07:48:19PM 1 point [-]

Now whenever I meet someone who tells me they want to go into a do-gooding career, I tell them they'd be better off becoming lawyers so they can donate lots of money to charity. They never like this advice.

This is what Warren Buffett has done. And he quite explicitly over the years said he wasn't going to donate while getting richer because his ability to compound his wealth was above average and so he would do more net good giving it away when he was done. (As it turns out, he gave away stock in his company, which has a very low effect on "shrinking the pie" that he is working with.)