The Evolution of Finance and Historical Market Speculation

Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for fraud on hundreds of thousands of customers that unraveled with the collapse of FTX, once one of the world's most popular platforms for exchanging digital currency. We chatted to Michael Lewis recently, who spent over a year with SBF, immersing himself in the universe of crypto-bros, and recently published his book 'Going Infinite' which tracks back the entire story of the crypto-hack that is SBF. We discuss his limited emotional intelligence, male over-confidence, and the Dunning-Kreuger effect. With every new technology, there will be speculation, bubbles, and, most importantly, white-collar crime - SBF was one of the first in the crypto world but won't be the last.

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