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by AlexandrB
1316 days ago
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> ugh, don't even know what to think now... if that was all a front. It's very easy to "get high on your own supply" and lose objectivity around what you're doing and how likely it is to succeed. This doesn't require malice either. |
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https://www.bloomberg.com/news/articles/2022-04-25/sam-bankm...
I don't know how to reconcile this with the comments people are making. He didn't sound like he was under illusions about what he was doing. And surely other people read/listened to this.
It was pretty much laid out with a ton of foreshadowing.
Near the end:
"And it is sort of like real monetizable stuff in some senses. And you know, at some point if the world never decides that we are wrong about this in like a coordinated way, right? Like you're kind of the guy calling and saying, no, this thing's actually worthless, but in what sense are you right?"
"And if you're like, that's dumb, it has no cashflow flow. I'm gonna short sell it. You lose all your money."