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1) I would fund organizations to spread objectivism,
2) I would fund research into solving some of the problems in physics related to Copenhagen Interpretation of quantum mechanics.
3) I would fund research into my ideas on economics.
4) Most of my money would be part put in a invention/venture capital fund. I love working on and with inventors and new technology.
5) Fund entertainment projects that push more or less objectivist ideas.
In my case I would do more traveling, including a 6 month stint on a catamaran in the Caribbean.
Not necessarily in that order.
Other than that I would spend it like a drunken sailor, on myself and my new mistress.(lol)
Just call me Midas.
My favorite long-shot is a business incubator in a remote site that has a shot at becoming Gulch of sorts.
a. Stop Climate Change
b. Save the Animals
c. Back Hilary Clinton
Have a nice day!
for examples: http://www.marketminder.com/GoogleSea...
gold is a commodity. it gets overmined when prices are high, causing a glut in the market, which drops the price and shuts down mines and supplies until the (fairly level) consumption rates whittle down inventories, then the price goes up and mines open up and investors try, once again, to time that market.
Look at the long-term returns on gold. If you're 'playing the market' you might make some money on it... if you want to spend that much time and energy doing that.... but as a Long-Term investment, it's really pretty sucky.
But it IS pretty and shiny, for folks who find that attractive in an "investment."
Sorry... just passing on what my money managers consistently tell me... :) Enjoy!
A quote from them....
"It might shock you to learn that since March 9, 2009—the end of the financial panic—gold is up just 19.6% cumulatively. By contrast, world stocks are up 196.4%. That is not a typographical error; gold is up only one tenth as much as stocks. "
2. $18 billion to invest in R&D, a hedge fund, a private equity fund and venture capital. Each division would specialize in invention, investment in established companies, buying out and turning around troubled companies and funding startups.
3. $9 billion for my dynasty. Each of my descendants would have access to the best education, travel and experiential opportunities available, in addition to living a very good life.
First I would buy all the toys I wished I had, even if I can no longer use them. Then I woulf buy or build a media organization comprised of an on line newspaper, a TV station and a radio station, and diatribe away until we get sponsors or the money runs out. It sounds so delicious that I'm drooling.
.
And require the entrepreneurs I deal with to attain basic literacy in free-market principles and practices.
[/sarcasm]
In reality, I'd buy my own little country in Central America. Or maybe Africa.
But among other things, I just might build more than just one privateering ship. Think Ragnar Danneskjöld's Task Force! And I would have a precedent for that. The infamous "Boz" Jean Lafitte had a fleet of sea raiders, not just one ship.
Now we are seeing this happen, with billionaires spending money on the commercialization of space or eliminating HIV and polio. So, my decision, formed as a child, is to spend it on 'neat stuff' (which is a list rather like db's):
1. Math. I am not good at math, but face it - mathematicians are the only ones who can keep the physicists humble. I would offer prize money for the development of mathematical theories such as modified/improved Alcubierre equation (such as White's mods). If we want effective FTL, we need to start with Math.
2. Physics. We might as well work up the chain here - physics for transportation and for power generation is essential. I would find a way to get Thorium reactors in production use - probably not in the US, but in some country that needs power enough to not strangle innovation. Then I can move them into the US.
3. De-extinction. We are at the point of de-extincting the passenger pigeon (research under way) and several groups are working on de-extincting the mammoth. I would put some serious money towards that, just because it is cool.
4. Minoan Linear A. This is still undeciphered, mainly due to lack of a body of texts. I mean, there are tons of plausible schemas, but nothing to test them against. I would support many digs to try to find the lost texts that can tell us about the Minoan Empire 5K+ years ago.
5. Land. I love land. I would buy tons of land, mostly in the US (which is still the best place to be) but some in other countries.
6. I am jealouse of db's #5. I agree with it, but I would not have thought to include it in this list. Hey db! If I run your name in the credits, can I make a movie? Fair trade?
Jan
I'd set up trusts with financial management for my kids.
I'd fund research for tuna farming and to study their lifecycle in order to help their populations thrive.
I'd stop autism.
I'd probably fund a new style of school to teach children the three Rs, along with critical thinking. Well, that'd be new compared to what we have now... I have always wanted to have my own version of Deep Springs College (check it out) with greater emphasis on math and the sciences and less on liberal studies.
In light of all that, I'd try to keep a low profile.
As far as funding objectivist things, I wouldnt waste time on that. Statist oriented people will only, in my humble opinion, change their minds when the current socialist system collapses of its own weight (As was portrayed in Atlas Shrugged, by the way).
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