A very simple strategy is buying less US assets and more international assets than you would hold if the US stock market was not weighted so heavily towards Friend Computer. If 60% of my stocks were in the US in 2015, I might hold 30% today (this is not financial advice).

Contra Doctorow there are lots of strategies someone can chose if they think the US stock market is likely to collapse in the next three years. Eg. there are people in the USA who bought some chickens and seeds last winter, or who started new jobs or new education outside the USA. Deciding to act is the hardest.

"You know, I never defrauded anyone,” says Sam Bankman-Fried

“You know, I never sent the boys across the Isonzo without believing we could win,” said Luigi Cadorna

This also shows problems with the “effective altruist” approach. Donating to the local theater or “to raise awareness of $badThing” might not be the best way of using funds, but when a friend needs help now, you have the resources to help them, and you say “no, that might not be as efficient as creating a giant charity to help strangers one day” something is wrong.

Soyweiser

Its even worse when I read the whole thread, Atwood claims to have $140 million, and the best he can do for “a friend” who is homeless is handing out some printouts with a few sections highlighted? And he thinks this makes him look good because he promises to give away half his wealth one day?

“Provide an overview of local homeless services” sounds like a standard task for a volunteer or a search engine, but yes “you can use my address for mail and store some things in my garage and I will email some contacts about setting you up with contract work” would be a better answer than just handing out secondhand information! Many “amazing things AI can do” are things the Internet + search engines could do ten years ago.

I would also like to hear from the friend “was this actually helpful?”