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The Importance of Concentration in Grantmaking
Ajaya: I think the expected value maximization comes into play here because if you are pretty opinionated about how to help the world, it might suggest putting a lot more eggs and fewer baskets. But that might actually be really a small number of things relative to the idea that, well, maybe a lot of the things to do are like things that we don't think are good. We may need to make bets on things that seem strange, but you know, maybe somehow they're going to turn out doing a lot of good.