Hey - I’m starting to post and comment more on the Forum than I have been, and you might be wondering about whether and when I’m going to respond to questions around FTX. So here’s a short comment to explain how I’m currently thinking about things:
The independent investigation commissioned by EV is still ongoing, and the firm running it strongly preferred me not to publish posts on backwards-looking topics around FTX while the investigation is still in-progress. I don’t know when it’ll be finished, or what the situation will be like for communicating on these topics even after it’s done.
I had originally planned to get out a backwards-looking post early in the year, and I had been holding off on talking about other things until that was published. That post has been repeatedly delayed, and I’m not sure when it’ll be able to come out. If I’d known that it would have been delayed this long, I wouldn’t have waited on it before talking on other topics, so I’m now going to start talking more than I have been, on the Forum and elsewhere; I’m hoping I can be helpful for some of the other issues that are currently active topics of discussion.
Briefly, though, and as I indicated before: I had no idea that Sam and others were misusing customer funds. Since November I’ve thought a lot about whether there were signs of this I really should have spotted, but even in hindsight I don’t think I had reason to suspect that that was happening.
Looking back, I wish I’d been far less trusting of Sam and those who’ve pleaded guilty. Looking forward, I’m going to be less likely to infer that, just because someone has sincere-seeming signals of being highly morally motivated, like being vegan or demonstrating credible plans to give away most of their wealth, they will have moral integrity in other ways, too.
I’m also more wary, now, of having such a high-trust culture within EA, especially as EA grows. This thought favours robust governance mechanisms even more than before ("trust but verify"), so that across EA we can have faith in organisations and institutions, rather than heavily relying on character judgement about the leaders of those organisations.
EA has grown enormously the last few years; in many ways it feels like an adolescent, in the process of learning how to deal with its newfound role in the world. I’m grateful that we’re in a moment of opportunity for us to think more about how to improve ourselves, including both how we work and how we think and talk about effective altruism.
As part of that broader set of reflections (especially around the issue of (de)centralisation in EA), I’m making some changes to how I operate, which I describe, along with some of the other changes happening across EA, in my post on decision-making and decentralisation here. First, I plan to distance myself from the idea that I’m “the face of” or “the spokesperson for” EA; this isn’t how I think of myself, and I don’t think that description reflects reality, but I’m sometimes portrayed that way. I think moving in the direction of clarity on this will better reflect reality and be healthier for both me and the movement.
Second, I plan to step down from the board of Effective Ventures UK once it has more capacity and has recruited more trustees. I found it tough to come to this decision: I’ve been on the board of EV UK (formerly CEA) for 11 years now, and I care deeply, in a very personal way, about the projects housed under EV UK, especially CEA, 80,000 Hours, and Giving What We Can. But I think it’s for the best, and when I do step down I’ll know that EV will be in good hands.
Over the next year, I’ll continue to do learning and research on global priorities and cause prioritisation, especially in light of the astonishing (and terrifying) developments in AI over the last year. And I’ll continue to advocate for EA and related ideas: for example, in September, WWOTF will come out in paperback in the US and UK, and will come out in Spanish, German, and Finnish that month, too. Given all that’s happened in the world in the last few years — including a major pandemic, war in Europe, rapid AI advances, and an increase in extreme poverty rates — it’s more important than ever to direct people, funding and clear thinking towards the world’s most important issues. I’m excited to continue to help make that happen.
This is a post with praise for Good Ventures.[1] I don’t expect anything I’ve written here to be novel, but I think it’s worth saying all the same. [2] (The draft of this was prompted by Dustin M leaving the Forum.)
Over time, I’ve done a lot of outreach to high-net-worth individuals. Almost none of those conversations have led anywhere, even when they say they’re very excited to give, and use words like “impact” and “maximising” a lot.
Instead, people almost always do some combination of:
(The story here doesn’t surprise me.)
From this perspective, EA is incredibly lucky that Cari and Dustin came along in the early days. In the seriousness of their giving, and their willingness to follow the recommendations of domain experts, even in unusual areas, they are way out on the tail of the distribution.
I say this even though they’ve narrowed their cause area focus, even though I probably disagree with that decision (although I feel humble about my ability, as an outsider, to know what trade-offs I’d think would be best if I were in their position), and even though because of that narrowing of focus my own work (and Forethought more generally) is unlikely to receive Good Ventures funding, at least for the time being.
My attitude to someone who is giving a lot, but giving fairly ineffectively, is, “Wow, that’s so awesome you’re giving! Do you know how you could do even more good!?...” When I disagree with Good Ventures, my attitude feels the same.
***
[1] Disclaimer: Good Ventures is the major funder of projects I’ve cofounded (80k, CEA, GWWC, GPI). They haven’t funded Forethought. I don’t know Dustin or Cari well at all.
[2] I feel like the just ratio of praise to criticism for Good Ventures should be something like 99:1. In reality - given the nature of highly online communities in general, and the nature of EA and EA-adjacent communities in particular - that ratio is probably inverted. So this post is trying to correct that, at least a bit; to fill in a missing mood.
I learn about new ways that Julia had a significant impact on this community every few months, and it never ceases to give me a sense of awe and appreciation for her selflessness. EA would not be what it is today without Julia.
To be painfully accurate (hey, it's the Forum), I think my first donation was actually a bit under this. Jeff donated a larger amount that was probably part of the same transaction.
Yes - I once sent a email of appreciation to them since, well, it's so good they are donating so much! That's truly altruistic :D
Their willingness to mostly defer to expert really is praiseworthy !
They are among the most impactful people in the world - so I really am grateful that they do what they do !
I think this leaves an important open question, which is, what should the norm be if someone thinks someone else is not merely being less-than-maximally effective, but actually doing harm.
I only learned from this post that Moskowitz left the forum, and it makes me somewhat sad. On the one hand, I'm barely on the forum myself and I might have made the same decision in his position. On the other hand, I thought it very important that he was participating in the discourse about the projects he was funding, and now the two avenues of talking with him (through DEAM and the forum) are gone. I'm not sure these were the right platforms to begin with, but it'd be nice if there were some other public platform like that.
What's DEAM?
Dank EA Memes. I think it was a facebook group.
Yep, he occasionally shared memes in that group but left it a while ago.
I wonder if part of the issue with giving away lots of money is that to do it well, you really need to spend significant time and energy, not just money. It seems easy to procrastinate on such a task, especially since it will eventually lead to your bank account becoming smaller.
I wonder how things would go if you start from the assumption that prospective donors are suffering from "akrasia", discuss this problem with them, and experiment with various anti-akrasia tactics such as "suggest signing a legally binding document which imposes a deadline of some sort".
If what you're saying is true, thinking up creative experiments around this issue could be astonishingly high-impact.