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Hi Jaime,
Hi Jaime,
That’s right, the “next GiveWell Top Charity” work is at GiveWell. I agree that being able to track progress is a benefit all else equal, but: (a) There are informal, intermediate ways to track progress even on “hits-based” grants, such as seeing whether the organizations we support grow and do more and better work over time; (b) I think it is overstated to say that more speculative grants are “no better than the medieval doctors and their leeches,” given that these grants are often based on a great deal of analysis, and given that speculative grants seem to have a reasonably good track record (as outlined in this post).