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Conversations with Tyler 2022 Retrospective
Conversations with Tyler
[[@Sam Bankman-Fried]] and [[FTX collapse]]
2min Snip
00:00
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- SPF was and is extremely smart.
- He proved that in the interview.
- Anything you can throw at him, he can come back very quickly.
- Maybe you don't like the answer, but he has fully understood the question and answered it in some manner.
- And actually not that many guests can do that.
- But at the same time then, and obviously now, it seemed to me there was something quite reckless about the plan.
- I didn't at all imagine how things turned out.
- I just thought there was this view that FTX could become the exchange for everything, that that belief seemed to me absurd, and that if I asked him some questions about risk tolerance, I thought he wouldn't be able to answer them well.
- He answered them incorrectly to, oh, keep playing double or nothing.
- But he answered them very well in the sense that response was immediate.
- The reasoning was in some screwy way, internally consistent.
- He had thought about it before, and so on.
- The main take away from the conversation is that SPF had a high risk tolerance and was confident in his plan. However, he was wrong about regulators shutting him down and his value went to zero.
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