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From Ackman to Musk, charity giving takes on stock-picking feel

From Ackman to Musk, charity giving takes on stock-picking feel

When it comes to charity, some of the biggest names on Wall Street can be as hard-nosed about where they put their money as they are when investing.

Elon Musk, Peter Thiel, Bill Gates, Warren Buffett and billionaire hedge fund manager Bill Ackman are just a few of the converts to "effective altruism," a movement that calls for using data science to calculate how people can ensure each dollar they give has the greatest impact on those in need. It also extols having a high-paying job because a greater disposable income can help more people than volunteer work in the field.

Econometrics is the new buzzword in charity circles with a growing number of non-profit...

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