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" ... From Carnegie to Rockefeller, Gates to Buffett, philanthropy was always the byproduct of entrepreneurship. Bankman-Fried is surely the first billionaire for whom entrepreneurship was the byproduct of philanthropy. He embraces a philosophy called Effective Altruism, which has cropped up over the last decade and applies rational logic to maximizing good. “It’s for people who like math and people who like giving,” Bankman-Fried says. Effective Altruists try to quantify things like lives saved per dollar. Or whether it’s more urgent to quell malaria or potentially malevolent technologies. Or whether a brilliant MIT student named Sam should follow his dream and become an animal-rights activist. “Honestly, you should go to Wall Street and give it to us,” Bankman-Fried remembers hearing from one of the Ethical Altruism movement’s leaders, 34-year-old Oxford professor William MacAskill. “You’re not the best leafletterer we’ve found.” ... "