Why are the fund managers going to report on the success of their investments when an organisation like GiveWell doesn’t do this (as per the example in the OP)?
They expect Givewell to update its recommendations, but they don’t necessarily expect Givewell to evaluate just how wrong a previous past recommendation was. Not yet anyway, but maybe this post will change this.
Because the whole point of these funds is that they have the opportunity to invest in newer and riskier ventures. On the other hand, Givewell tries to look for interventions with a strong evidence base.
There is no cashing out of the money to GiveWell. At no point will you go to it and find out how much good it has done (easily). If it turns out GiveWell did poorly all you have is the opportunity of having donated to another charity which also probably isn’t reporting its successes objectively.
For a fund, you have skin in the game. You make plans like retirement/housing/yacht where the value has to be going up or if not going up you have to alter your plans. This puts it on a different mental level.
Why are the fund managers going to report on the success of their investments when an organisation like GiveWell doesn’t do this (as per the example in the OP)?
Because people expect this from funds.
You think people don’t expect it from GiveWell?
They expect Givewell to update its recommendations, but they don’t necessarily expect Givewell to evaluate just how wrong a previous past recommendation was. Not yet anyway, but maybe this post will change this.
That still leaves the question why you think people expect from funds to report on the success of their investments but don’t expect it from GiveWell.
Because the whole point of these funds is that they have the opportunity to invest in newer and riskier ventures. On the other hand, Givewell tries to look for interventions with a strong evidence base.
There is no cashing out of the money to GiveWell. At no point will you go to it and find out how much good it has done (easily). If it turns out GiveWell did poorly all you have is the opportunity of having donated to another charity which also probably isn’t reporting its successes objectively.
For a fund, you have skin in the game. You make plans like retirement/housing/yacht where the value has to be going up or if not going up you have to alter your plans. This puts it on a different mental level.
As far as I understand the EA funds there’s no cashing out of the money that’s donated to them.
Sorry misread this thread (thought it was talking about investment funds).