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GOING INFINITE: Michael Lewis Wants to Change Your Mind About Sam Bankman-Fried

The Next Big Idea

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The Downfall of Probabilistic Thinking

This chapter explores the factors contributing to Sam Bankman-Fried's downfall, focusing on his grandiosity and flawed probabilistic thinking. It details how misguided risk calculations and the mismanagement of customer deposits led to the collapse of his firm amidst plunging cryptocurrency values.

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