Surprisingly small amounts of money can do useful things IMO. There’s lots of talk about billions of dollars flying around, but almost all of it can’t structurally be spent on weird things and comes with strings attached that cause the researchers involved to spend significant fractions of their time optimizing to keep those purse strings opened. So you have more leverage here than is perhaps obvious.
My second order advice is to please be careful about getting eaten (memetically) and spend some time on cognitive security. The fact that ~all wealthy people don’t do that much interesting stuff with their money implies that the attractors preventing interesting action are very very strong and you shouldn’t just assume you’re too smart for that. Magic tricks work by violating our intuitions about how much time a person would devote to training a very weird edge case skill or particular trick. Likewise, I think people dramatically underestimate how much their social environment will warp into one that encourages you to be sublimated into the existing wealth hierarchy (the one that seemingly doesn’t do much). Specifically, it’s easy to attribute substitution yourself from high impact choices to choices where the grantees make you feel high impact. But high impact people don’t have the time, talent, or inclination to optimize how you feel.
Since most all of a wealthy person’s impact comes mediated through the actions of others, I believe the top skill to cultivate besides cogsec is expert judgement. I’d encourage you to talk through with an LLM some of the top results from research into expert judgement. It’s a tricky problem to figure out who to defer to when you are giving out money and hence everyone has an incentive to represent themselves as an expert.
I don’t know the details of Talinn’s grant process but as Tallinn seems to have avoided some of these problems it might be worth taking inspiration from. (SFF, S-Process mentioned elsewhere here).
Surprisingly small amounts of money can do useful things IMO. There’s lots of talk about billions of dollars flying around, but almost all of it can’t structurally be spent on weird things and comes with strings attached that cause the researchers involved to spend significant fractions of their time optimizing to keep those purse strings opened. So you have more leverage here than is perhaps obvious.
My second order advice is to please be careful about getting eaten (memetically) and spend some time on cognitive security. The fact that ~all wealthy people don’t do that much interesting stuff with their money implies that the attractors preventing interesting action are very very strong and you shouldn’t just assume you’re too smart for that. Magic tricks work by violating our intuitions about how much time a person would devote to training a very weird edge case skill or particular trick. Likewise, I think people dramatically underestimate how much their social environment will warp into one that encourages you to be sublimated into the existing wealth hierarchy (the one that seemingly doesn’t do much). Specifically, it’s easy to attribute substitution yourself from high impact choices to choices where the grantees make you feel high impact. But high impact people don’t have the time, talent, or inclination to optimize how you feel.
Since most all of a wealthy person’s impact comes mediated through the actions of others, I believe the top skill to cultivate besides cogsec is expert judgement. I’d encourage you to talk through with an LLM some of the top results from research into expert judgement. It’s a tricky problem to figure out who to defer to when you are giving out money and hence everyone has an incentive to represent themselves as an expert.
I don’t know the details of Talinn’s grant process but as Tallinn seems to have avoided some of these problems it might be worth taking inspiration from. (SFF, S-Process mentioned elsewhere here).