3 ms·
This is going to be controversial but having worked at tiny startups, I really don’t think SBF is atypical in his decision making. I think his fatal mistake was
by serjester 3y ago
This is going to be controversial but having worked at tiny startups, I really don’t think SBF is atypical in his decision making. I think his fatal mistake was not realizing the scale he’s playing at and that you can’t keep doing these things when your company is the size of FTX.
It doesn’t help there’s strange personality traits mixed in that were exasperated by the easy money. But I honestly do buy the “reckless kid” narrative.
People also gloss over seven of the eight billion having been recovered. It doesn’t seem impossible that all the money gets returned. Part of this is luck, but maybe there is at-least some credence to the liquidity argument.
I’m in no way advocating for SBF but I don’t think Michael Lewis is wildly wrong.
- mjklin 3y agoThe boy who lost a billion? https://www.nadirkitap.com/newsweek-march-13-1995-the-boy-who-lost-a-billion-kitap29902225.html https://www.nadirkitap.com/newsweek-march-13-1995-the-boy-wh...