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The Smart Money Award for funders/donors who "follow the smart money" is accepting rolling nominations. Who do you think deserves the recognition?
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Here's an interesting example of a donor being so focused on perceived outcomes that they overcome the cognitive dissonance of funding an organization that they don't have an emotional connection with.
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Billy Beane and Outcomes: What Can Baseball Tell the Nonprofit World About Measures and Measurement?Ken Berger and Robert Penna channel the fantastic book Moneyball by Michael Lewis and examine the shift towards evidence based decision making in baseball and what it means for nonprofits.
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Behavioral finance teaches that people don't make rationale decisions and instead are subject to predictable mental mistakes. In this review of the new book The Upside of Irrationality, the idea is advanced that our cognitive biases are not always faults to overcome, but instead make us "wonderfully human".
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Adin Miller profiles the Gates Foundation keynote presentation at the upcoming Social Capital Markets conference.
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ABOUT SEAN STANNARD-STOCKTON
Sean Stannard-Stockton is the president and chief investment officer of Ensemble Capital Management, located in Burlingame, CA, midway between San Francisco and Silicon Valley. From 2006 through 2012, Sean authored the Tactical Philanthropy blog and wrote regular philanthropy columns for both the Financial Times and the Chronicle of Philanthropy. In 2012, Sean officially ended the blog to focus on growing Ensemble Capital.
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