Against the Rules with Michael Lewis

The Rise and Fall of Crypto Billionaire Sam Bankman-Fried from Talk Easy

12 snips
Dec 12, 2023
In a captivating discussion, bestselling author Michael Lewis shares insights from his new book about crypto billionaire Sam Bankman-Fried. He reveals the fantastical rise and dramatic fall of Bankman-Fried, notably during his trial for fraud. Lewis explores the billionaire's intriguing belief in effective altruism and how his upbringing influenced his decisions. He also recounts the chaotic events surrounding the collapse of FTX, painting a vivid picture of the emotional and ethical dilemmas that ensued.
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ANECDOTE

Going Infinite Reactions

  • Michael Lewis discusses the volatile reactions to his new book, Going Infinite.
  • He compares the anger to the initial reception of Moneyball, noting a similar upset among traditionalists.
INSIGHT

SBF's Risky Testimony

  • Sam Bankman-Fried's decision to testify is unsurprising given his insistence on his innocence.
  • Testifying is risky as it could negatively influence the judge's sentencing.
INSIGHT

The Best Story

  • Michael Lewis believes he has the most comprehensive story due to his access to SBF before and after FTX's collapse.
  • He emphasizes the importance of context, citing effective altruism and the possibility of FTX customers recovering their funds.
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