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Meet Sam. Sam is 30 years old. Sam may not act the part, but he's a billionaire.

But on December 12, 2022, everything changes for Sam.

And what he calls a screw-up, the US government calls one of the largest frauds in history.

From Bloomberg and Wondry comes a new series,

Spellcaster, the fall of Sam Bankman-Freed.

Listen to Spellcaster on Amazon Music, the iHeartRadio app, or wherever you get your podcasts.

This is Masters in Business with Barry Rittoltz on Bloomberg Radio.

This week on the podcast, I have an extra special guest. His name is Jim Ross.

He is known as the Father of the Spiders, the S&P 500 ETF, which state street has put out.

One of, if not the largest ETF, with nearly $300 billion in assets under management in SPY,

there are also numerous spider variations. You can buy growth, you can buy value, you can buy

sector, you can buy all these very low C, which is their low carbon version of the S&P 500.

There are trillions of dollars, literally trillions of dollars in various indices that track

what state street does, and it's really quite a fascinating business. He is also chairman of S SGA,

which is the state street global advisors. If you are remotely interested in things like

the S&P 500 ETFs, the future of investing, I cannot overemphasize how knowledgeable and

influential Jim Ross is. He won the Lifetime Achievement Award last year at ETF.com.

I could go over his CV for hours, the accolades don't stop. He is simply one of the most insightful

people whose career has taken so many fascinating twists and has been really there at the formation

...