2min chapter

Clearer Thinking with Spencer Greenberg cover image

The FTX catastrophe (with Byrne Hobart, Vipul Naik, Maomao Hu, Marcus Abramovich, and Ozzie Gooen)

Clearer Thinking with Spencer Greenberg

CHAPTER

Cryptocurrency - Is That Right?

Marcus: I think there's a lot we can learn from this, you know, like these were smart, prudent traders in the beginning until they weren't because they started making so much money on directional bets. Like greed, corrupt people, make some do stupid shit and evil shit. And that's probably what happened here. Marcus: But I don't think this was the actual problem as it happens in highly regulated industries with LTCM, Lehman, Enron,. You know, like it's not like scandals happen everywhere.

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