Not Investment Advice

90: SBF Arrested, White Lotus, Avatar & Best Shows of 2022

Dec 14, 2022
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ANECDOTE

Parenting Fuels Podcast Chaos

  • Trung describes a rough night because his child got the flu and passed it on to him.
  • He jokes about caffeine as survival fuel while parenting and recording the show.
INSIGHT

QuickBooks Reveals Broken Back Office

  • John J. Ray described FTX using QuickBooks which signals chaotic back-office practices.
  • That detail highlights systemic control failures rather than mere accounting quirks.
INSIGHT

No Corporate Separation Multiplied Risk

  • John J. Ray's summary said FTX and Alameda had no real separation and funds moved freely between them.
  • That structure converted customer deposits into high-risk Alameda funding and created obvious fraud risk.
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