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Byrne Hobart - FTX, Drugs, Twitter, Taiwan, & Monasticism
Dwarkesh Podcast
The Impact of Drugs on Financial Markets
Every single market crash can be explained by the drug that was common in the industry at the time. Stimulants where people can just consistently reuse them they keep people alert and wanting to do things it seems like stimulants would have a connection to financial markets. If you are a cokehead with kind of cokehead morality you decide well that's not the right thing to do at all so you should fire these people and replace them with cheaper employees. The difference between short acting stimulants and long acting stimulants does mean the difference between a hostile takeover boom and a structured products boom. There is some evidence from pretty small sample size studies that one of the side effects of this drug called
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