4 ms·
As per the article, he formed a trading company without any background in investing, and once his investments tanked, he sold the stocks for pennies on the doll
by glitchc 2mo ago
As per the article, he formed a trading company without any background in investing, and once his investments tanked, he sold the stocks for pennies on the dollar to a financial firm, leaving investors holding the bag while pocketing trading fees associated with a $45B USD portfolio.
- like_any_other 2mo agoHow is effective altruism related? I skimmed their wiki page [1], but didn't find anything endorsing such actions. [1] https://en.wikipedia.org/wiki/Effective_altruism https://en.wikipedia.org/wiki/Effective_altruism
- kimixa 2mo agoNo, but to most people the only exposure they've had to the term "Effective Altruism" (if they've even heard of the it) is morality-washing personal greed that never quite seems to get past the "accumulation" or "self-serving boondoggle" stages. As a brand it's tainted. You might argue unfairly, but that's never mattered in "public brand perception" before.
- glitchc 2mo agoSam Bankman-Fried is an effective altruist (or was anyways, not sure what he is after they denounced him). The list of effective altruists reads like a who's who of scummy people. https://www.wired.com/story/deaths-of-effective-altruism/ https://www.wired.com/story/deaths-of-effective-altruism/
- simianwords 2mo ago> https://www.wired.com/story/deaths-of-effective-altruism/ https://www.wired.com/story/deaths-of-effective-altruism/ This is a joke of an article. It shows a few incidental deaths while ignoring the total number of saved lives due to EA. It literally points to ~2 incidental deaths while Give Well saves ~300k lives. Its remarkably ignorant. Is there a word for this kind of fallacy? Cherry picking sounds too Reddit-coded.
- simianwords 2mo agobad ethics is when you run a company in free market transparently and don't have a monotonically increasing revenue?