Why do the richest people on Earth spend so much time and money helping out the poorest?
It’s rapidly diminishing utility of money. Every extra million is just worth less and less. At some point all these millions are worth so little than you can as well give them away, if you place even very low value on others’ well-being.
What else could Buffett spend all his money on now?
It’s rapidly diminishing utility of money. Every extra million is just worth less and less. At some point all these millions are worth so little than you can as well give them away, if you place even very low value on others’ well-being.
What else could Buffett spend all his money on now?