It was an example of a more credible commitment than a blog post. To paraphrase Buffet’s Noah principle, ‘predicting rain doesn’t count, building arks does’.
EDIT: an additional disadvantage to Long Bets is that they stash the stakes in a very low return fund (but one that should be next to invulnerable). Depending on your views about the future and your investment abilities, the opportunity cost could be substantial.
It was an example of a more credible commitment than a blog post. To paraphrase Buffet’s Noah principle, ‘predicting rain doesn’t count, building arks does’.
EDIT: an additional disadvantage to Long Bets is that they stash the stakes in a very low return fund (but one that should be next to invulnerable). Depending on your views about the future and your investment abilities, the opportunity cost could be substantial.