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Michael Lewis on Cryptocurrency and the FTX Empire

Masters in Business

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Effective Altruism and the Chaos Caused by Sam

This chapter discusses the concept of effective altruism and how a group of effective altruists set up charities, donated money to causes that were deemed to be the biggest threats to humanity, and eventually focused on preventing existential catastrophe. It also delves into the story of Sam, who created an algorithmic trading bot that caused chaos within the group and led to the loss of a significant amount of money.

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