OzBargainer Mindset, Effective Egoism and Targetted Donations/Investments for Decades Long Risks

Effective egoism (sometimes informally called selfish effective altruism) applies the logic and tools of effective altruism (EA) — evidence-based reasoning, expected-value calculations, and cost–benefit analysis — but redirects them toward maximizing one’s own well-being, success, or satisfaction, rather than others’.

The best way to predict the future, is to create it.

Does anyone donate or invest targeted money to causes or speculative medical technology companies that might affect you personally in decades time period?

Something like Presbyopia, that is weakening of eyes so you need reading glasses or take off your short sighted glasses? Dementia? Cancer?

For example, I'm not sure about you but presbyopia is actually less than a decade away. There is this budding technology called intraocular lenses that can also accommodate or focus to short distances using the same ciliary muscles for the native human lens. Would you invest in this company for potential return or reduction in costs so that you don't hve to wear glasses and have better vision?

Please note I don't have skin or money in the game with this, just highly interested.

Comments

  • -1

    The best way to predict the future, is to create it.

    You can't create the future…

    You can only create the present

    • Maybe, but thanks for the engagement jv.

      Would be a pleasure to meet an OzB celebrity at one of the OzB meetups!

    • -1

      JV, you are the present that keeps on giving ❤️

  • +3

    I donate based on what I consider most needed by society, because I'm not Kerry Packer. I invest on moral grounds to give me the best return while also not screwing over the future (i.e. not coal).

    • -5

      while also not screwing over the future

      Why does that even matter?

      • +6

        Just so I can live with myself.

        Honestly, can't explain why beyond that. I don't have kids, I don't have an investment beyond hoping that aged care isn't a meat grinder by the time I retire, just don't want things to be awful for kids growing up today who have no choice but to live in the world we create for them.

        • -1

          Just so I can live with myself.

          Sounds a bit selfish.

      • +4

        Why bother planting a sapling if you aren't going to benefit from the shade?

        Something to ponder while you shelter under the trees people from previous generations planted.

  • I know plenty of people who support a charity because it impacted themselves or someone close, but i don’t think that is really what you are getting at.
    I guess personal experience drives home the need.

    I don’t think many people “invest” in like this. Many don’t think they will need old age care, or fertility support, or diabetes medication, and for them personally it is a single extra ‘customer’ so their personal investment probably does little one way or another.

  • +4

    I donate a lot of money to my local bakery so they can continue their research into iced coffee and donut production.

  • +1

    Work multiple jobs donate to your own self

  • invest

    Your lack of clarify around investing in concerning.

    Let me clarify. Investing implies buying n units/shares at $P per unit/share. If P was say $1, implying a market cap of $1m, was attractive, P at $1k implying a market cap of $1bn, might be totally unattractive. Unless you want to just donate blindly, thinking you were investing.

  • +1

    I donate to a range of charities - some do research into areas that might affect me based on my genetics and family history, but that is a lesser factor.

    I don't think the maths would stack up from an investment perspective if your motivation was purely for yourself/family.

  • intraocular lenses - i got these in my eyes, it's basically inserting contact lens 'permanently' in your eye. It is not really a budding technology, it's been around for years.

    The first intraocular lens (IOL) was implanted in 1949, over 75 years ago, by British ophthalmologist Sir Harold Ridley.

    • This is slightly different it connect to ciliary muscles nerves and can accommodate or focus the lenses for close vision thus negating the need for reading glasses. Sorry if I wasn't clear (pun unintended but will take it 😁)

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