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I read the book. SBF doesn't come across as a good guy (or a bad guy either). He comes across as a smart/dumbass, who doesn't understand probability and risk be
by cm277 3y ago
I read the book. SBF doesn't come across as a good guy (or a bad guy either). He comes across as a smart/dumbass, who doesn't understand probability and risk beyond the math level: given 51% odds of making the world better or 49% of destroying it, he says repeatedly "I would take the 51% odds every time". That to me, basically explained his entire, dumbass, business plan: just be slightly better at crypto at scale, assuming that's all you need to 'win'. No risk mitigation, no management whatever, because that's boring. Just keep playing until you win.
Now, that's not Evil with a capital "E", it's just dumb; in fact, criminally dumb because being a dumbass with other people's money (even if it turns out 100% of it can be recovered), is still fraud. SBF belongs in jail. Lewis' book, although not satisfying in the end, actually explained the whole FTX shitshow for me.