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Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
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Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#12Can society please stop worshiping idiots who were at the right place at the right time? I’m doubtful.
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#13Less than 2 months old, wow.
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#14Always read all articles with writers motivation/agenda in mind. this is why I like research / tech articles that are thoroughly backed by data or math!
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#15Sam was found to be playing League of Legends while on a call w/ investors at Sequoia for a $1B financing round. Their response was to declare him a genius, as clearly only a genius would be playing video games while in a $B business meeting. These are the monied investment class showing their true skillset, which is mostly limited to "being rich".
Hmm, Now this has me confused, should I seek consultation for possible Adhd or just declare myself a genius and be done.
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#16To me, SBF embodied the worst stereotypes about the Effective Altruism movement. The not-so-subtle air of I'm-smarter-than-thou, the hubris to think whatever they have thought of haven't been thought and dismissed by others (probably for good reason), and a bull-headed focus on risk and return that can be exactly quantified, to the point of ignoring other, "softer" sides of the issue. Until I see stronger denouncements of SBF (and not just for getting caught, but for the scheming) from within the Effective Altruism community, I don't think I can take them quite seriously anymore.
SBF isn't alone in this. In school, while interning for a competing hedge fund, I met a drove of Jane Street interns who thought exactly the same way, in terms of "EV" or expected value -- the mean outcome from a random event. For example, whenever we would go out for ice cream, they would try to flip a coin to see who pays, given the "expected cost" was same. This behavior is fine if you're a market maker betting 0.001% of your worth on a toss that you win 51% of the time, and I imagine this is why Jane Street tries to cultivate it. But unfortunately, in this hyperfocus on returns, they forgot that "risk"/"variance" exists, and sometimes flipping a coin will land you in such a deep hole that you can't continue to play the game long enough to dig yourself out of there.
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#17Sam was found to be playing League of Legends while on a call w/ investors at Sequoia for a $1B financing round. Their response was to declare him a genius, as clearly only a genius would be playing video games while in a $B business meeting. These are the monied investment class showing their true skillset, which is mostly limited to "being rich".
Hmm, Now this has me confused, should I seek consultation for possible Adhd or just declare myself a genius and be done.
Do you have a lot of money and/or familial connection to high places? Depends really on that answer.
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#18Canadian Teacher Pension put money in the same round. VC could be reckless with their money. How could pension funds be so reckless?
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#19This one should be preserved in amber and prominently displayed in the anals of hubric hagiography.
The part about the effective altruists nerd sniping in “tennis whites” shouldn’t be missed.
Re: Sam Bankman-Fried Has a Savior Complex—And Maybe You Should Too
#20Michael Lewis, the author of “The Big Short", is the true winner of this whole debacle. He was/is allegedly following SBF around, working on a book covering his raise to fame and riches and his influence in US politics. Seems he's getting the extra chapters he needed to turn it into a best-seller and another movie adaption.