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#361 — Sam Bankman-Fried & Effective Altruism

Making Sense with Sam Harris

CHAPTER

The FTX Collapse: A Study in Irrationality and Ethics

This chapter explores the downfall of FTX and its founder, drawing parallels with notorious financial frauds like the Bernie Madoff scheme. It examines the irrational decision-making and ethical dilemmas faced by leaders in high-risk financial environments, questioning the motivations behind their mismanagement. Through the lens of effective altruism and risk tolerance, it highlights the troubling intersection of ambition, hubris, and negligence that contributed to the company's collapse.

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