While Warren Buffet’s ‘buy low, sell high’ strategy has proven extremely successful for himself, it’s challenging for those without significant financial resources.
Three philanthropy scholars discuss several trends in giving by the wealthiest Americans highlighted in this yearly report. Among them: Much of this money doesn’t go to charities right away.
The hefty sums many billionaires give away place them in an age-old debate about wealth and charity – and whether it’s appropriate for donors to have a say over their wealth from the grave.
A careful review of more than 200 letters written by the wealthy people who signed the Giving Pledge over its first decade suggests a big contradiction.
There are some benefits to the uptick in billionaire newspaper and magazine owners, who can weather short-term losses for the sake of long-term gains. But whose interests are really being served?
Ted Lechterman, Stanford University McCoy Family Center for Ethics in Society
Amazon’s founder turned to Twitter to crowdsource ideas for his charitable giving. This populist approach and his preference for short-term results set Jeff Bezos apart from other mega-donors.
There’s an assumption that the poor eat more unhealthy fast food because it’s relatively cheap, leading some governments to try limit their access. Two researchers tested that assumption.
There are few things Americans like more than lists and money, but ranking philanthropists on the monetary size of their giving distorts our understanding of generosity, argues one ethicist.