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0x3ftoday at 2:43 PM6 repliesview on HN

> My goal in life is not to maximize financial return, it's to maximize my impact on things I care about.

In the vast majority of cases, financial returns help maximize your impact on the things you care about. Arguably in most cases it's more effective for you to provide the financing and direction but not be directly involved. That's why the EA guys are off beng quants.

The only real exceptions are things that specifically require you personally, like investing time with your family, or developing yourself in some way.


Replies

anticorporatetoday at 3:13 PM

I knew this canned rebuttal was coming and almost addressed it in my previous comment.

I've not found this to be true at all, for a variety of reasons. One of my moral principles that extreme wealth accumulation by any individual is ultimately harmful to society, even for those who start with altruistic values. Money is power, and power corrupts.

Also, the further from my immediate circle I focus my impact on, the less certainty I have that my impact is achieving what I want it to. I've worked on global projects, and looking back at them those are the projects I'm least certain moved the needle in the direction I wanted them to. Not because they didn't achieve their goals, but because I'm not sure the goals at the outset actually had the long term impact I wanted them to. In fact, it's often due to precisely what we're talking about in this thread: sometimes new things come along and change everything.

The butterfly effect is just as real with altruism as it is with anything else.

ashwinsundartoday at 3:07 PM

I didn't realize maximizing money is the way to achieve moral excellence. It's interesting how Puritanical the EA folks are

danny_codestoday at 3:42 PM

> The only real exceptions are things that specifically require you personally, like investing time with your family, or developing yourself in some way.

So, the things that matter the most for most people?

Studies pretty consistently show that happiness caps off at relatively modest wealth.

lawtalkinghumantoday at 2:53 PM

> That's why the EA guys are off beng quants.

Or in prison for fraud.

Devastatoday at 3:58 PM

I want to cure lung cancer, therefore as an Effective Altruist™ I maximize my income by selling cigarettes to children outside playgrounds. The money will go towards research in my will, and in the meantime the incidence of lung cancer in teenagers will incentivize the free market to find a cure!

People don't become quants because they are EAs, they become EAs to justify to themselves why they became quants.

komali2today at 3:26 PM

> Arguably in most cases it's more effective for you to provide the financing and direction but not be directly involved. That's why the EA guys are off beng quants.

The EA guys aren't the final word on ethics or a fulfilling life.

Ursula K. Le Guin wrote that one might, rather than seeking to always better one's life, instead seek to share the burden others are holding.

Making a bunch of money to turn around and spend on mosquito nets might seem to be making the world better, but on the other hand it also normalizes and enshrines the systems of oppression and injustice that created a world where someone can make 300,000$ a year typing "that didn't work, try again" into claude while someone else watches another family member die of malaria because they couldn't afford meds.