
#361 — Sam Bankman-Fried & Effective Altruism
Making Sense with Sam Harris
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.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.