Philanthropy Daily Digest

Carlos Slim, the richest person in the world, has picked up on the idea that investing in for-profits is better than giving to nonprofits because for-profits create jobs. It is such a statement on how misunderstood the nonprofit sector is that this concept is being bandied about when the nonprofit sector actually is responsible for 1 in 10 American jobs.

An op-ed in Time magazine offers philanthropy advice to Mark Zuckerberg of Facebook.

The Financial Times profiles the emergence of the philanthropy advisory business and mentions Tactical Philanthropy Advisors.

Adin Miller, attending the Communications Network Conference (for foundation communications staff) writes about a presentation by James Surowiecki, the author of the book The Wisdom of Crowds. Surowiecki stressed that certain conditions need to be in place for "crowd wisdom" to work. This point was made in his book where he noted that his title was a play on the equally valid book The Madness of Crowds.