> 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 piece, and he can't tear himself away from a game targeted at literal children. (He bought the developers and proceeded to cram NFTs into it.)
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.
A YT video does not give you assignments, reading lists or office hours to ask questions in.
I'd question the value of OCW-only autodidacts, in much the same way I would someone who claimed fitness training is unnecessary because he already knows about proper form having Arnold Schwarzenegger's VHS workout tapes.
YouTube's best and the best that are on YouTube mean something different to me. The latter being MIT, Harvard, LSE and Chicago's best on YouTube and the former youtube.com/econonomydude.
The prostrating quotes from the VCs in here are pretty unbelievable.
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
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.
Given his business moves I wouldn't be surprised is all his personal debt is also collateralized by FTT. As wise Walter Sobchak would say: "Mark it zero!"
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“Of the exchanges that we had met and looked at, some of them had regulatory issues, some of them were already public. And then there was Sam.”
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This stuff is beyond parody. Dude's getting interviewed for a nauseatingly butt-kissing puff piece, and he can't tear himself away from a game targeted at literal children. (He bought the developers and proceeded to cram NFTs into it.)