Re:Stanford gets $1.1B for new climate school from John Doerr
by t_mann on Wednesday May 04, 2022 @04:54PM
(#31265743)
I guess it's a matter of personal preference. If I was rich to the point that I could focus entirely on having an impact instead of making money, I'd basically ask myself a variation of Hamming's questions (originally meant as advice for academic researchers: 1. What are the most important problems in your field? 2. Are you working on one of them? 3. Why not?).
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Re:Stanford gets $1.1B for new climate school from John Doerr
by ChrisLomont on Wednesday May 04, 2022 @11:16PM
(#31268973)
To maximize impact you again should spend money not on the hardest problems, but on those where the money has the biggest impact. It's the definition :)
Consider two problems: one makes everyone's life 5% better and costs $100 to solve. One makes lives 20% better and costs $1 trillion. You have $100. Where does your money have the biggest impact?
This is malaria and climate change.