"I think every foundation would probably be better off if they took on a narrower set of things and they took them on in a deeper way and a longer-term way. What you're providing is not just money. You're providing a voice. You're providing expertise. You're creating jobs. And when you first get into an area, you're naïve. You make mistakes."
--Bill Gates, co-chair of the Bill & Melinda Gates Foundation, said this in a conversation with Bill Clinton at the Clinton Global Initiative conference in New York City yesterday. The Microsoft (MSFT) founder's point about focus parallels Jennifer Buffett's big idea in her guest post on Postcards. For more on the Gates' philanthropic endeavors, see today's other post, The Gates Foundation's new boss.
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