#shorts Full episode: https://youtu.be/5Af0d2DbK5w Spotify: https://open.spotify.com/episode/2SXFTjId3fpxmhh3gRkFDI?si=0X9YB4vGQaOLe6PG3yazjw Apple Podcasts: https://podcasts.apple.com/us/podcast/32-sam-bankman-fried-crypto-altruism-and-leadership/id1516093381?i=1000568843669 Transcript: https://www.dwarkeshpatel.com/p/sbf
#shorts Full episode: https://youtu.be/5Af0d2DbK5w Spotify: https://open.spotify.com/episode/2SXFTjId3fpxmhh3gRkFDI?si=0X9YB4vGQaOLe6PG3yazjw Apple Podcasts: https://podcasts.apple.com/us/podcast/32-sam-bankman-fried-crypto-altruism-and-leadership/id1516093381?i=1000568843669 Transcript: https://www.dwarkeshpatel.com/p/sbf
I flew out to Chicago to interview Brett Harrison, who is the former President of FTX US President and founder of Architect. In his first longform interview since the fall of FTX, he speak in great detail about his entire tenure there and about SBF’s dysfunctional leadership. He details how the inner circle of Gary Wang, Nishad Singh, and SBF controlled the codebase, mismanaged the company, got distracted by media, and even threatened him for his letter of resignation. In what was my favorite part of the interview, we also discuss his insights about the financial system from his decades of experience in the world's largest HFT firms. And we talk about Brett's new startup, Architect, as well as the general state of crypto post-FTX. After talking with Brett for 3 hours, I found him to be extremely intelligent, thoughtful, and ethical. 𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒 * Transcript: https://www.dwarkeshpatel.com/p/brett-harrison * Apple Podcasts: https://apple.co/3yxvnsD * Spotify: https://spoti.fi/3FmPa1I 𝐓𝐈𝐌𝐄𝐒𝐓𝐀𝐌𝐏𝐒 00:00:00 - Passive investing & HFT hacks 00:08:30 - Is Finance Zero-Sum? 00:18:38 - Interstellar Markets & Periodic Auctions 00:23:10 - Hiring & Programming at Jane Street 00:32:09 - Quant Culture 00:42:10 - FTX - Meeting Sam, Joining FTX US 00:58:20 - FTX - Accomplishments, Beginnings of Trouble 01:08:11 - FTX - SBF's Dysfunctional Leadership 01:26:53 - FTX - Alameda 01:33:50 - FTX - Leaving FTX, SBF"s Threats 01:45:45 - FTX - Collapse 01:53:10 - FTX - Lessons 02:04:34 - FTX - Regulators, & FTX Mafia 02:15:42 - Architect.xyz 02:30:10 - Institutional Interest & Uses of Crypto
Perhaps the most interesting episode so far. Byrne Hobart writes at thediff.co, analyzing inflections in finance and tech. He explains: - What happened at FTX - How drugs have induced past financial bubbles - How to be long AI while hedging Taiwan invasion - Whether Musk’s Twitter takeover will succeed. - Where to find the next Napoleon and LBJ - & ultimately how society can deal with those who seek domination Apple Podcasts: https://apple.co/3GYC6B1 Spotify: https://spoti.fi/3VKmncT Episode Website: https://www.dwarkeshpatel.com/p/byrne-hobart-2 Follow me for updates on future episodes: https://twitter.com/dwarkesh_sp Timestamps: 0:00:00 Intro 0:00:50 What the hell happened at FTX? 0:07:03 How SBF Faked Being a Genius: 0:12:23 Drugs Explain Financial Bubbles 0:17:54 On Founder Physiognomy 0:21:44 Indexing Parental Involvement in Raising Talented Kids 0:31:17 Where are all the Caro-level Biographers? 0:39:45 Where are today's Great Founders? 0:49:07 Micro Writing = Macro Understanding 0:52:13 Elon's Twitter Takeover 1:01:33 Does Big Tech & West Have Great People? 1:12:17 Philosophical Fanatics and Effective Altruism 1:18:00 What Great Founders Have In Common 1:20:39 Thinkers vs. Analyzers 1:26:22 Taiwan Invasion bets & AI Timelines
Perhaps the most interesting episode so far. Byrne Hobart writes at thediff.co, analyzing inflections in finance and tech. He explains: - What happened at FTX - How drugs have induced past financial bubbles - How to be long AI while hedging Taiwan invasion - Whether Musk’s Twitter takeover will succeed. - Where to find the next Napoleon and LBJ - & ultimately how society can deal with those who seek domination Apple Podcasts: https://apple.co/3GYC6B1 Spotify: https://spoti.fi/3VKmncT Episode Website: https://www.dwarkeshpatel.com/p/byrne-hobart-2 Follow me for updates on future episodes: https://twitter.com/dwarkesh_sp Timestamps: 0:00:00 Intro 0:00:50 What the hell happened at FTX? 0:07:03 How SBF Faked Being a Genius: 0:12:23 Drugs Explain Financial Bubbles 0:17:54 On Founder Physiognomy 0:21:44 Indexing Parental Involvement in Raising Talented Kids 0:31:17 Where are all the Caro-level Biographers? 0:39:45 Where are today's Great Founders? 0:49:07 Micro Writing = Macro Understanding 0:52:13 Elon's Twitter Takeover 1:01:33 Does Big Tech & West Have Great People? 1:12:17 Philosophical Fanatics and Effective Altruism 1:18:00 What Great Founders Have In Common 1:20:39 Thinkers vs. Analyzers 1:26:22 Taiwan Invasion bets & AI Timelines
Coffeezilla is a journalist and investigator on YouTube who exposes financial frauds, scams, and fake gurus. Please support this podcast by checking out our sponsors: - Eight Sleep: https://www.eightsleep.com/lex to get special savings - MasterClass: https://masterclass.com/lex to get 15% off - BetterHelp: https://betterhelp.com/lex to get 10% off - Rocket Money: https://rocketmoney.com/lex EPISODE LINKS: Coffeezilla's YouTube: https://www.youtube.com/Coffeezilla Coffeezilla's Twitter: https://twitter.com/coffeebreak_YT Coffeezilla's Instagram: https://www.instagram.com/coffeebreak_yt PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41 OUTLINE: 0:00 - Introduction 0:38 - Coffee 2:48 - SBF and FTX 17:28 - $8 billion 26:36 - Evil vs incompetence 36:32 - Key lessons from FTX collapse 49:50 - Should SBF go to jail? 57:36 - Role of influencers and celebrities 1:02:04 - How FTX covered up fraud 1:06:00 - Interview with SBF 1:21:03 - SafeMoon fraud 1:27:16 - Bitcoin 1:37:54 - Psychology of investigating fraud 1:47:01 - Investigating politics and corruption 1:54:13 - Coffeezilla origin story 1:58:53 - MLM marketing scams 2:06:32 - Andrew Tate and Hustlers University 2:24:15 - Save the Kids crypto scandal 2:31:34 - Money and fame 2:38:38 - MrBeast 2:45:00 - Fake gurus and Get-Rich-Quick schemes 3:04:20 - Process of investigation 3:17:05 - Twitter Files release 3:26:11 - Time management and productivity 3:38:11 - Advice for young people SOCIAL: - Twitter: https://twitter.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/lexfridman - Instagram: https://www.instagram.com/lexfridman - Medium: https://medium.com/@lexfridman - Reddit: https://reddit.com/r/lexfridman - Support on Patreon: https://www.patreon.com/lexfridman
I flew to the Bahamas to interview Sam Bankman-Fried, the CEO of FTX! He talks about FTX’s plan to infiltrate traditional finance, giving $100m this year to AI + pandemic risk, scaling slowly + hiring A-players, and much more. Episode website + Transcript: https://dwarkeshpatel.com/p/sbf Apple Podcasts: https://apple.co/3KxGOFI Spotify: https://spoti.fi/3B11Vgv Follow me on Twitter for updates on future episodes: https://twitter.com/dwarkesh_sp Unfortunately, audio quality abruptly drops from 17:50-19:15 TIMESTAMPS: 00:00 Preview 01:03 How inefficient is the world? 01:56 Choosing a career 05:00 The difficulty of being a founder 07:06 Is effective altruism too narrowminded? 10:42 Political giving 13:40 FTX Future Fund 17:26 Adverse selection in philanthropy 18:51 Relationship between different causes 23:00 Doing difficult things 26:36 The importance of focus 29:14 How SBF identifies talent 31:54 Why scaling too fast kills companies 34:36 The future of crypto 36:31 Risk, efficiency, and human discretion in derivatives 41:45 Jane Street vs FTX 42:41 Conflict of interest between broker and exchange 43:44 Bahamas and Charter Cities 44:32 SBF’s RAM-skewed mind
I flew to the Bahamas to interview Sam Bankman-Fried, the CEO of FTX! He talks about FTX’s plan to infiltrate traditional finance, giving $100m this year to AI + pandemic risk, scaling slowly + hiring A-players, and much more. Episode website + Transcript: https://dwarkeshpatel.com/p/sbf Apple Podcasts: https://apple.co/3KxGOFI Spotify: https://spoti.fi/3B11Vgv Follow me on Twitter for updates on future episodes: https://twitter.com/dwarkesh_sp Unfortunately, audio quality abruptly drops from 17:50-19:15 TIMESTAMPS: 00:00 Preview 01:03 How inefficient is the world? 01:56 Choosing a career 05:00 The difficulty of being a founder 07:06 Is effective altruism too narrowminded? 10:42 Political giving 13:40 FTX Future Fund 17:26 Adverse selection in philanthropy 18:51 Relationship between different causes 23:00 Doing difficult things 26:36 The importance of focus 29:14 How SBF identifies talent 31:54 Why scaling too fast kills companies 34:36 The future of crypto 36:31 Risk, efficiency, and human discretion in derivatives 41:45 Jane Street vs FTX 42:41 Conflict of interest between broker and exchange 43:44 Bahamas and Charter Cities 44:32 SBF’s RAM-skewed mind
#shorts Full episode: https://youtu.be/5Af0d2DbK5w Spotify: https://open.spotify.com/episode/2SXFTjId3fpxmhh3gRkFDI?si=0X9YB4vGQaOLe6PG3yazjw Apple Podcasts: https://podcasts.apple.com/us/podcast/32-sam-bankman-fried-crypto-altruism-and-leadership/id1516093381?i=1000568843669 Transcript: https://www.dwarkeshpatel.com/p/sbf
#shorts Full episode: https://youtu.be/5Af0d2DbK5w Spotify: https://open.spotify.com/episode/2SXFTjId3fpxmhh3gRkFDI?si=0X9YB4vGQaOLe6PG3yazjw Apple Podcasts: https://podcasts.apple.com/us/podcast/32-sam-bankman-fried-crypto-altruism-and-leadership/id1516093381?i=1000568843669 Transcript: https://www.dwarkeshpatel.com/p/sbf
#shorts Full episode: https://youtu.be/5Af0d2DbK5w Spotify: https://open.spotify.com/episode/2SXFTjId3fpxmhh3gRkFDI?si=0X9YB4vGQaOLe6PG3yazjw Apple Podcasts: https://podcasts.apple.com/us/podcast/32-sam-bankman-fried-crypto-altruism-and-leadership/id1516093381?i=1000568843669 Transcript: https://www.dwarkeshpatel.com/p/sbf
#shorts Full episode: https://youtu.be/5Af0d2DbK5w Spotify: https://open.spotify.com/episode/2SXFTjId3fpxmhh3gRkFDI?si=0X9YB4vGQaOLe6PG3yazjw Apple Podcasts: https://podcasts.apple.com/us/podcast/32-sam-bankman-fried-crypto-altruism-and-leadership/id1516093381?i=1000568843669 Transcript: https://www.dwarkeshpatel.com/p/sbf
Full Episode: https://youtu.be/18zpjpPNWRw Transcript: https://www.dwarkeshpatel.com/p/patrick-mckenzie Apple Podcasts: http://apple.co/3RFuS7b/ Spotify: http://spoti.fi/3APeQ3L Follow me on Twitter: https://twitter.com/dwarkesh_sp
Full Episode: https://youtu.be/18zpjpPNWRw Transcript: https://www.dwarkeshpatel.com/p/patrick-mckenzie Apple Podcasts: http://apple.co/3RFuS7b/ Spotify: http://spoti.fi/3APeQ3L Follow me on Twitter: https://twitter.com/dwarkesh_sp