Believe it or not, Wall Streeters and other investment professionals can be a generous bunch when it comes to charitable giving. Taking a lead from Warren Buffett, Wall Streeters give away billions annually. . Checkbook philanthropy has its limits, however, especially when it comes to its effectiveness in producing measurable return on investment-something the investing crowd demands in their professional life but ignores when they give to charity. Mohnish Pabrai, founder of $500 million Pabrai Investment Funds, wasn't having any of it.
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