The lessons of Sam Bankman-Fried

The Gray Area with Sean Illing

Vox Media Podcast Network

Society & Culture, News, Politics, News Commentary, Philosophy

4.6 • 10.8K Ratings

🗓️ 16 October 2023

⏱️ 58 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Lewis joins Sean Illing to discuss his new book about Sam Bankman-Fried, Going Infinite: The Rise and Fall of a New Tycoon. They talk about the FTX crash, what Lewis learned while shadowing Bankman-Fried, and what SBF’s rise and fall says about us and our financial systems. Host: Sean Illing (@seanilling), host, The Gray Area Guest: Michael Lewis, author, Going Infinite: The Rise and Fall of a New Tycoon References: Going Infinite: The Rise and Fall of a New Tycoon by Michael Lewis (W.W. Norton & Company, 2023) The Big Short: Inside the Doomsday Machine by Michael Lewis (W.W. Norton & Company, 2010) The Blind Side: Evolution of a Game by Michael Lewis (W.W. Norton & Company, 2007) Moneyball: The Art of Winning An Unfair Game by Michael Lewis (W.W. Norton & Company, 2004) Liar’s Poker by Michael Lewis (W.W. Norton & Company, 1989) “Sam Bankman-Fried tries to explain himself” by Kelsey Piper (Vox, Nov. 2022) Enjoyed this episode? Rate The Gray Area ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts. Subscribe for free. Be the first to hear the next episode of The Gray Area by subscribing in your favorite podcast app. Support The Gray Area by making a financial contribution to Vox! bit.ly/givepodcasts This episode was made by: Engineer: Patrick Boyd Deputy Editorial Director, Vox Talk: A.M. Hall Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:19.0	and whether you can afford to take the high risk of losing your money.
1:23.0	On October 3rd, the trial of Sam Bankman Freed began at a federal court in New York City.
1:32.0	By this point, you've probably heard of Sam Bankman Freed or SBF as he's now down.
1:39.0	Acredoms are a big part of this story.
1:42.0	He's the former CEO of FTX who was indicted by the FBI for allegedly defrauding customers.
1:51.0	FTX was a crypto trading firm he started.
	...

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