Greetings. I am a fund manager, investing $500 million from an office near Newport Beach, Calif. And as I finish editing this piece, the sun is shining, I am wearing shorts, and U.S. stocks look blessedly cheap.
Not everyone is so fortunate, though, so what I really want to tell you about is philanthropy, an area far more difficult to excel in than stock picking. Yes, yes, I know— it may sound like a tired cliché of our gilded age: A man gets rich off of our inequitable economic system and, in a fit of conscience, decides to give some of it away. And worse, now he wants to tell you about it.
I’ll let you in on something even more contemptible about me: I am a shameless copycat. And I sincerely wish more philanthropists were, too.