Here's a heartwarming holiday story. Today's Times profiles Holden Karnofsky and Elie Hassenfeld, two 26-year-olds who quit their jobs at a Westport hedge fund to start a foundation that puts charities through a rigorous cost-benefit analysis and then rates them on their effectiveness. It's called GiveWell, and it's apparently causing quite a stir in the nonprofit community. Yes, they sort of sound like they might be kind of jerks — one blog calls the way they communicate with charities "breathtaking" in its audacity ("Here's, arguably, a 26-year-old punk, who doesn't know what he doesn't know, telling legions of veteran do-gooders that they are possibly, indeed probably, wasting their time and their donors' money!"). And, yes, the Times is a little effusive about how they gave up their massive hedge-fund salaries for "a lot less pay" (according to the Times, they each receive a salary of $65,000). And, yes, we suspect that a Harvard grad called "Holden" might have a little backup somewhere. But that is not the point. The point is this: Wouldn't it be nice if all finance folks used the qualities inherent to them — arrogance, aggression — to doing something good? Yeah, we're looking at you, Dan Loeb.
Most Viewed Stories
There Are Pictures of Justin Bieber’s Big Penis on the Internet
The Adventure Time Spinoff Stakes Gets a Premiere Date
Justin Bieber Wants to Sue Everyone Who Published His Dick
The Rocky Horror Picture Show Cast Takes Their 40th-Anniversary Reunion Photo
Bieber’s Dad Being Super-Creepy About Son’s Penis
Wait, Prancercise Might Actually Work
Days of Our Lives Killed Its Gay Legacy Character
The Writer Dating a Woman for the First Time
The Brutal Economics of Being a Yoga Teacher
Stop Treating Young Women Like Dumbbells
Latest News from Daily IntelligencerBrooklyn Real Estate to Manhattan: ‘What's Good?’
As record-breaking sales continue, the borough has become a choice, rather than a priced-out-of-Manhattan necessity — and Queens is rising too.Jacob deGrom Dominates Dodgers in Game 1 Mets Victory
He struck out 13 in seven shutout innings to open the NLDS.North Korea’s Big Scary 70th Birthday Bash
Kim Jun-Un is numero uno!As Obama Heads to Oregon, Two Campus Shootings Happen in Two Different States
Many protesters are waiting to greet the president.JetBlue Opened a Potato Farm at JFK Airport
Back to the land at Terminal 5.Bratton Snatches Joint From Woman on the Street, Throws It in the Sewer
"I thought, “What the hell — 8:30 on Wall Street?'"Was Arne Duncan Secretly Obama’s Boss All Along?
If the president only knew about his administration's terrible education policies!Pizza Rat Has Apparently Started a Cheesy Rodent War in New York
The thirst for delicious and quick Italian has overtaken the rats of our city.4 Tunisian Civil-Society Organizations Share the Nobel Peace Prize
The National Dialogue Quartet of Tunisia protected the democratic process following the country's Arab Spring uprising.Rubio, Not Trump, Is Now the Defining Figure in the GOP Race
He's not the most bombastic candidate, but he's the most talented.
First, prepare a look of utter disgust and revulsion (which shouldn't be too hard given the job we're talking about).Fatal Fraternity Shooting at Northern Arizona University
One dead, three injured in the early morning hours.U.S. Reportedly Ending Program That Only Managed to Train ‘Four or Five’ Syrian Rebels
Meanwhile, the conflict in Syria continues.Why Republicans Need Paul Ryan As House Speaker
He's an ideological zealot and a tactical pragmatist.10 Things to Know About the Mets-Dodgers Playoff Series
The action begins tonight in Los Angeles.Can Your Child Be Taught to Defeat a Gunman at Her School?
“The canned food item will give the students a sense of empowerment to protect themselves and will make them feel secure in case an intruder enters the classroom.”Portraits of 9 New York City Carriage Drivers and Their Horses
Why they say it's a tradition worth preserving.How the Media Is Handling Kevin McCarthy’s Rumored Affair
Outside conservative media, mostly with vague innuendo.Ben Carson Tries to Top Himself, Blames Holocaust on Gun Control
It’s a popular theory, though it’s been repeatedly debunked.More Clues That Joe Biden Is Definitely, Maybe Running for President
His team met with the DNC to learn about election rules.