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This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...
That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.
Earlier quoted context omitted.
That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.
Perhaps not -- reportedly he has $650MM in debt and just filed for bankruptcy today.
This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...
This will go down in history books...
This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...
Earlier quoted context omitted.
That’s an amazing article. It sounds like the he’s never heard of the kelly criterion, just makes massive bet after massive bet and then blows up. He does have ~1 billion more than me even after this mess, so maybe it all worked out.
Perhaps not -- reportedly he has $650MM in debt and just filed for bankruptcy today.
Earlier quoted context omitted.
> Professor Bankman-Fried is my tutor. He’s as good at explaining the principles of macroeconomics as anyone out there in the world today—and I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject. But SBF teaches me Macro while simultaneously playing round after round of Storybook Brawl. This stuff is beyond parody. Dude's getting interviewed for a nauseatingly butt-kissing puff…
Also, this >I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject should never be said about any subject, unless it's being said ironically.
Don’t be so sure that you can’t learn from the absolute best on YT.
Earlier quoted context omitted.
Also, this >I know this for a fact because I’ve subsequently watched YouTube’s best on the same subject should never be said about any subject, unless it's being said ironically.
I mean, MIT, Harvard, LSE, Chicago and others have Econ course lectures on YT. You can watch lectures from lecturers that students at these institutions have trouble getting access to. Don’t be so sure that you can’t learn from the absolute best on YT.
$0. That sounds about right. Wow.. I think Mr. Bankman's wealth was $100 billion in Jan 2022 according to a Fortune estimate. I wonder what would have happened had CZ not made that tweet. Hmm...makes you wonder who profited from all of this. Imagine if binance bought puts on BTC before this announcement.
I would’ve done the same if I wasn’t based in the USA.
This piece will forever be on their site, however: [0]. [0] - https://www.sequoiacap.com/article/sam-bankman-fried-spotlig...
First, that they are even real. Second, that they actually decided to post them in a piece like this, and lacked the self awareness about how incompetent it makes them look.
Even if he turned out to be the real deal, maybe stick to the fundamentals of the investment. I'd be interested in learning what their DD process looked like
I actually talked to Sam for a bit in the "early days" and he always seemed like an OK guy. Approachable and "honest" which makes this all the worse... I kept asking "why start an exchange when you're killing it with Alameda?" and his response seemed to consistently be about wanting to make a better product and legitimize crypto... ugh, don't even know what to think now... if that was all a front. It's really odd to…