Sam Bankman-Fried's rise and fall from crypto billionaire to facing criminal charges and his empire's controversies.
Bankman-Fried's belief in effective altruism and using his wealth to make a positive impact.
Author Michael Lewis' reflections on his experiences writing the book, including his connection to Bankman-Fried's parents and his own personal tragedy.
Deep dives
The Rise and Fall of Sam Bankman-Fried
The podcast discusses the rise and fall of Sam Bankman-Fried, the FTX crypto mogul, who went from being the richest person in the world under 30 to facing criminal charges. The podcast explores how Bankman-Fried built his empire and the controversies surrounding his actions.
Sam Bankman-Fried's Effective Altruism
Bankman-Fried's interest in effective altruism is discussed, highlighting his belief in using his wealth to make a positive impact. The podcast examines how his approach to philanthropy and the social consequences of massive wealth creation.
Michael Lewis's Journey and Reflections
Author Michael Lewis reflects on his experiences and observations while writing the book about Sam Bankman-Fried. He discusses his initial interest, the chaotic nature of the FTX empire, and the emotional complexities of the story, including his connection to Bankman-Fried's parents and his own personal tragedy.
The Complexity of Assigning Probabilities
The podcast discusses the challenges of assigning probabilities to uncertain situations, using the example of character assessment. Sam argues that it is necessary to assign a probability to Bob's character despite the complexity and potential unfairness of doing so. The episode explores the tension between assigning probabilities and making judgments based on limited information.
The Unpredictability of Life's Uncertainties
The podcast delves into the idea that life's uncertainties often defy probabilistic approaches. Sam's view is that despite the mockery that life can make of probabilistic thinking, it remains the most valuable approach. The episode highlights the need for nuance in assessing moral responsibility and the societal inclination towards punishment rather than considering contextual factors.
Upon taking a walk with crypto billionaire Sam Bankman-Fried, writer Michael Lewis had a sense that there might be a story here. In the intervening two years, that story has taken a series of twists and turns, resulting in Lewis’ new book Going Infinite: The Rise and Fall of a New Tycoon.
At the top, we walk through Bankman-Fried’s Manhattan trial, the subject at the center of this winding story, and why Lewis was first interested in observing him. Then, he unpacks Bankman-Fried’s belief in effective altruism, his probabilistic approach to trading, and how his Stanford law professor parents shaped his thinking.
On the back-half, we discuss the ten-day period of FTX’s collapse, the scene in the Bahamas as Bankman-Fried filed for bankruptcy, and why Lewis felt a kinship with Sam’s parents in that moment. To close, Michael reflects on his own journalistic tendencies and how he managed to write this book in the aftermath of great personal tragedy.
For thoughts, reflections, and guest suggestions, drop Sam a line at sf@talkeasypod.com.