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#361 - Sam Bankman-Fried & Effective Altruism

Making Sense with Sam Harris - Subscriber Content

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Unethical Behaviors and Financial Mismanagement

This chapter compares the unethical actions of Bernie Madoff with the mishandling of customer assets at Alameda and FTX, leading to financial gains for the companies but erosion of customer trust. It explores the concepts of effective altruism, rational decision-making, and risk tolerance within the context of long termism. The analysis uncovers inconsistencies, lack of strategic planning, and negligence towards risk management that contributed to the downfall of the company, ultimately questioning the utilitarian perspective of decision-makers.

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