Should We Admire Sam Bankman-Fried and FTX? - Michael Lewis [Part II] | Intelligence Squared

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  • เผยแพร่เมื่อ 25 พ.ย. 2024

ความคิดเห็น • 230

  • @andtheinternettkills
    @andtheinternettkills ปีที่แล้ว +151

    No. There. I just saved you all a bunch of time.

    • @gregvinson1
      @gregvinson1 ปีที่แล้ว +12

      This guy never “made” vast sums of money. He “stole” vast sums of money.

    • @azamaziz7139
      @azamaziz7139 ปีที่แล้ว +3

      Tq have a nice day

    • @PhillipHilton
      @PhillipHilton ปีที่แล้ว +1

      Exactly.

    • @don__hector7845
      @don__hector7845 ปีที่แล้ว

      Admire an entitled spoilt brat who thought that he was untouchable ? He stole it he never made it ,it was never his money to spend or to give

    • @F3RACTION
      @F3RACTION ปีที่แล้ว

      Ok

  • @danibravo5700
    @danibravo5700 ปีที่แล้ว +27

    This guy overlooks that much of the personality Sam created for himself was fake. He admitted to it and just look at how he allowed his parents to profit from their connections with Sam...

  • @alexvtan
    @alexvtan ปีที่แล้ว +42

    He is clearly smitten by SBF who treats life like a videogame. In an alter world where there is no risk and consequences doesn't matter.

    • @hblee88
      @hblee88 ปีที่แล้ว

      Kudos. My thoughts expressed perfectly.

    • @carpediem4512
      @carpediem4512 ปีที่แล้ว

      Shouldn’t have had a woman interviewing. The man can barely finish his points.

    • @shaunspadafora7943
      @shaunspadafora7943 11 หลายเดือนก่อน +4

      I think you misunderstand how Lewis' mind works. He's smitten by a good story, NOT by SBF.

  • @2smoulder
    @2smoulder ปีที่แล้ว +45

    Was SBF intelligent - probably; was he devious - definitely; did he display sociopathic behaviour - definitely; did he behave unethically - absolutely; was he devoid of empathy - yes; is Michael Lewis missing the point of embezzlement - sadly Yes.

    • @petercofrancesco9812
      @petercofrancesco9812 ปีที่แล้ว +11

      All Michael Lewis cares about is making himself seem important and selling books. He initially thought he was writing the story of financial genius in the making and now that he was doped, he tweaked it to be about the misunderstood genius who flew too close to the sun.

    • @lydiab6063
      @lydiab6063 ปีที่แล้ว +3

      I am no fan of SBF. The book is good. Read the book.

    • @petercofrancesco9812
      @petercofrancesco9812 ปีที่แล้ว

      I don't respect Lewis. He embodies the worst in "journalism" if you can call what he does that. He acted as a conduit for Sam to sell this fake persona to the public. He was so infatuated with Sam and pleased with himself for getting the inside scoop he never considered fact checking what he was being fed. @@lydiab6063

  • @barteksudol
    @barteksudol ปีที่แล้ว +22

    that what's wrong with the society now these days, we are supposed to admire criminals ?

    • @jewellui
      @jewellui 7 หลายเดือนก่อน +1

      Look at Pablo Escobar lol

  • @tahneetran1471
    @tahneetran1471 ปีที่แล้ว +14

    To borrow from Mr. Steve Eisman, “They mistake leverage for genius. “ I want to add they can hurt you with that kind of leverage.

  • @ipsizm9265
    @ipsizm9265 ปีที่แล้ว +72

    Michael Lewis’s defensiveness on full display.

    • @Alperic27
      @Alperic27 ปีที่แล้ว

      dude… use your brain… he is give u an inside view of the recipes sociopaths function by … and if you want to try to con people yourself, then follow the advices…

    • @Alperic27
      @Alperic27 ปีที่แล้ว +1

      yes … the problem is not just ‘money is missing’ or ‘money is not missing’ … it is about what does it mean that a small number of people are ready to live outside of all the rules commonly accepted as ‘the norm’ … if you have people who routinely lie to large masses of idi0ts in the name of what they want to achieve, then it is a breakdown of society. so this whole thing tells us about us …

  • @ca091813
    @ca091813 9 หลายเดือนก่อน +2

    I think Lewis is an excellent writer and a honest person.

  • @davids2218
    @davids2218 ปีที่แล้ว +15

    Lewis was a personal advisor to SBF at a time when Fried was making a lot of decisions that were illegal. Lewis needs to be put under oath and asked a lot of uncomfortable questions.

  • @isaacnewton3514
    @isaacnewton3514 ปีที่แล้ว +23

    Michael Lewis has completely ruined his reputation during this period of defending SBF

  • @scienceobserver7009
    @scienceobserver7009 ปีที่แล้ว +21

    Nothing but smitten with a conman's game. Ridiculous that he could be pulled in so deep that FTX crumbling has left him scrambling to double down or face the truth.

    • @shaunspadafora7943
      @shaunspadafora7943 11 หลายเดือนก่อน

      Lewis is smitten with a good story, and this is indeed a good story. It was the same with Billy Beane & Michael Burry.

  • @thevelvetmaul
    @thevelvetmaul ปีที่แล้ว +35

    I bet Sam's parents LOVE Michael Lewis

    • @biglemoncoke
      @biglemoncoke ปีที่แล้ว +6

      The parents probably paid him.

    • @thevelvetmaul
      @thevelvetmaul ปีที่แล้ว +2

      That tracks

    • @MOVIE2GUY
      @MOVIE2GUY ปีที่แล้ว

      They had dinners together.

  • @bobli30
    @bobli30 ปีที่แล้ว +10

    how much you got paid to muddle the water? it's a simple and clear case of precalculted frauld.

  • @ElLotdog
    @ElLotdog ปีที่แล้ว +21

    Michael Lewis gossiping about SBF like he’s a schoolgirl in junior high is so cringey and disgusting.. does he not understand that real people had their lives ruined because of SBF and FTX?

    • @theresachung703
      @theresachung703 ปีที่แล้ว

      This has told me something about Michael Lewis

    • @RR-et6zp
      @RR-et6zp ปีที่แล้ว

      lol, true

  • @renpilak6048
    @renpilak6048 ปีที่แล้ว +22

    Question is - How much was he paid? Also, he needs to be on their good side so he can sell his book and eventually sell the rights to Hollywood!

  • @frankstipes4114
    @frankstipes4114 ปีที่แล้ว +20

    How we create false images What a disaster.

  • @ryanswild
    @ryanswild ปีที่แล้ว +20

    It's not very intelligent to lose that much money

  • @reddog6256
    @reddog6256 ปีที่แล้ว +1

    What sort of question is this? Should we admire dishonesty?

  • @95davidt1
    @95davidt1 11 หลายเดือนก่อน +3

    12:20 that face when you know you lost all journalist integrity

  •  ปีที่แล้ว +15

    The old story since time immemorial: GREED on everyone's part

  • @ryanswild
    @ryanswild ปีที่แล้ว +22

    Sam definitely paid this fool to write the book

    • @biglemoncoke
      @biglemoncoke ปีที่แล้ว +4

      yeah he is shilling SBF

    • @marciacampos9966
      @marciacampos9966 ปีที่แล้ว +3

      The problem is that Michael Lewis is not a fool. He is compromising his reputation.

    • @lydiab6063
      @lydiab6063 ปีที่แล้ว

      I disagree. I read the book.

    • @ryanswild
      @ryanswild ปีที่แล้ว

      @@lydiab6063 well say no more lol

    • @biglemoncoke
      @biglemoncoke ปีที่แล้ว

      @@lydiab6063 are you a bot for SBF?

  • @harambetidepod1451
    @harambetidepod1451 ปีที่แล้ว +10

    Effective altruism = greed is good

    • @Sotoberi
      @Sotoberi ปีที่แล้ว

      Did he ACTUALLY help any underprivileged, sick, or poor people with that money? Was any real altruism ever displayed? Or does that EA Society define altruism as donations to the wealthy?

    • @lindadeeds5326
      @lindadeeds5326 ปีที่แล้ว +1

      @@Sotoberiactually, the EA movement doesn’t support helping people as much as they do preventing things that could end the world. So Sam donated money for pandemic prevention- that happened to be given to his brother and his parents’ employer! So the people who benefited most were his family.😂

  • @aluxendr
    @aluxendr ปีที่แล้ว +4

    Ah yes, from his culture's point of view, destroying your host is the ultimate display of skill

  • @Yor_gamma_ix_bae
    @Yor_gamma_ix_bae ปีที่แล้ว +29

    This guy wrote the most delusional book ever.

    • @gfxpimp
      @gfxpimp ปีที่แล้ว +1

      Was anything in his book incorrect?

    • @biglemoncoke
      @biglemoncoke ปีที่แล้ว

      Yeah, SBF was not worlds youngest billionaire, he stole depositors funds.

    • @jewellui
      @jewellui 6 หลายเดือนก่อน

      Bible *cough*

  • @whatsdoin2392
    @whatsdoin2392 ปีที่แล้ว +3

    No. Someone's thinking is chaotic and magical.

  • @chrissheppard5068
    @chrissheppard5068 ปีที่แล้ว +7

    No he is a fraudster.

  • @carterrennerfeldt1607
    @carterrennerfeldt1607 ปีที่แล้ว +7

    How is anybody still taking Lewis seriously?!

  • @biglemoncoke
    @biglemoncoke ปีที่แล้ว +8

    Michael Lewis trying to play Nick Carraway in Great Gatsby? Is SBF the ugly Jay Gatsby?

    • @jonitufarr
      @jonitufarr ปีที่แล้ว +2

      This is so niche and I'm here for it

  • @sherrieludwig508
    @sherrieludwig508 ปีที่แล้ว +2

    Never meet authors, They are always worse in person than their books.

  • @BanTheBBCHD
    @BanTheBBCHD 11 หลายเดือนก่อน +1

    "Should We Admire Sam Bankman-Fried and FTX?" - No. Just saved you 28m and 04s. Now that Michael Lewis has completely ruined his reputation defending this multiple convicted fraudster, you can skip reading any of his books too.

  • @vtr8427
    @vtr8427 ปีที่แล้ว +11

    Micheal Lewis probably got paid by Sam. Kevin o Leary also supported Sam and he was paid a million per hour.

  • @frankstipes4114
    @frankstipes4114 ปีที่แล้ว +8

    This man has no clue of finance , economics or business sense. The teachers were right, but the public that reads him , as ignorant as the writter

  • @ilyalittt
    @ilyalittt ปีที่แล้ว +14

    Damn…. Michael Lewis is arrogant af

  • @douglaswynn9668
    @douglaswynn9668 ปีที่แล้ว +14

    Isn’t it amazing how such a talented and interesting writer can be such a complete nitwit

    • @theresachung703
      @theresachung703 ปีที่แล้ว

      So right. So odd how he is so in lie

  • @adeniran77
    @adeniran77 18 วันที่ผ่านมา

    It is extraordinary stuff and I can understand why Michael Lewis is beside himself on the subject. Read the book twice, and I need to go back and reread it.

  • @brettcoleman8
    @brettcoleman8 ปีที่แล้ว +2

    Just as clueless as his jailed friend.

  • @briancolucci536
    @briancolucci536 11 หลายเดือนก่อน +2

    Did he actually suggest that SBF’s 20% stake in Anthropic (which is valued at $30 billion - totally illiquid btw) is going to be used to pay back investors? That is insane. This guy is delusional.

    • @SantosSantos-bf5sz
      @SantosSantos-bf5sz 8 หลายเดือนก่อน

      Like if a bank robber promised to pay back the bank.

  • @ddhgerlb
    @ddhgerlb ปีที่แล้ว +5

    I guess that depends if your aspirations are a long life behind bars.

  • @JesseBeahm
    @JesseBeahm 11 หลายเดือนก่อน +1

    I am not even going to watch, this guy just wants to stay relevant and doesn't want to rewrite his book

  • @PrismverseTales
    @PrismverseTales ปีที่แล้ว +6

    Not a nice man. Hard to watch this.

  • @paulklee
    @paulklee 6 หลายเดือนก่อน

    Fascinating interview. I could listen to him talk anytime. I think he had a few cups of coffee before this one, but it was still great.!

  • @sidog77-kt9bb
    @sidog77-kt9bb ปีที่แล้ว +5

    My bet is that he got paid big bucks. everyone has a price

  • @thisorthat4195
    @thisorthat4195 10 หลายเดือนก่อน +5

    Watching Michael try to save his book is pure comedy

  • @jxrdxn2611
    @jxrdxn2611 ปีที่แล้ว +1

    He doesn’t have nothing. He came from a wealthy family

  • @Linalaelae
    @Linalaelae ปีที่แล้ว +6

    I understand you gotta sell your books, but it’s ridiculous. Sam is a sociopath that charmed you, sadly he didn’t have an opportunity to steal your money and use it “for the greater good” (dining with bigger celebs etc), maybe that would’ve changed your mind? Honestly, that’s disgusting.

  • @sanghoonlee5171
    @sanghoonlee5171 ปีที่แล้ว +1

    Answer: Not unless we admire jail time too.

  • @frankstipes4114
    @frankstipes4114 ปีที่แล้ว +7

    Nothing to laugh about here!!!!

  • @lesabri
    @lesabri ปีที่แล้ว +5

    Here's the answer: NO

  • @briancolucci536
    @briancolucci536 11 หลายเดือนก่อน +1

    I don’t know what you call this book. It’s not journalism, though.

  • @InTenMinutes1
    @InTenMinutes1 9 หลายเดือนก่อน

    Even the host recognised he was taking Sam at face value or somehow being besotted by him. Lewis then got his nickers in a twist. The whole world thinks his treatment of Sam is a bit on the rose tinted side to say the least.

  • @frankstipes4114
    @frankstipes4114 ปีที่แล้ว +5

    How much false information .
    He is aa bad as Scam Bankman Fried

  • @10010x0x0x01101XX0X1
    @10010x0x0x01101XX0X1 ปีที่แล้ว +14

    It's really sad watching what has happened to Michael Lewis.

    • @hblee88
      @hblee88 ปีที่แล้ว

      Agree. Will wait for him to evolve after he gets over the giggliness of being in the heart of a tornado and writes a post script book.

  • @silversurfer8237
    @silversurfer8237 ปีที่แล้ว +1

    Michael Lewis provides an interesting perspective. His book plus SBF's court days will shed more light on what went on.

  • @GEB-yy3ud
    @GEB-yy3ud ปีที่แล้ว +3

    Lewis has lost his mind.

  • @lucasng3330
    @lucasng3330 ปีที่แล้ว +1

    Yes. Democratic party can be controlled by donation.

  • @Thejellybaby
    @Thejellybaby ปีที่แล้ว +5

    Michael Lewis is telling the truth. “At a bankruptcy hearing in April 2022, an attorney for FTX said $7.3 billion in cash and liquid crypto assets had been recovered from the exchange.” Yet customers haven’t received their funds. What else is really going on here? This is not a Bernie Madoff situation. Albeit not all, the money is there. Could the other 1.5b be tied up in SBF’s betting on upcoming A.I. firms? Curious.

    • @mattius459
      @mattius459 ปีที่แล้ว +4

      It is a Bernie Madoff situation. The hearing in April 2023 was after crypto market had bounced back. In other words, Sam got lucky that the assets he still had rose in value over time. It would be the same as if Madoff stole his customer's money, bought some powerball tickets, and then actually hit the lottery. It doesn't change the fact that Sam/Bernie took their customer's money and gambled with it. This was the exact example given during the trial that Sam was convicted in last week, and was the reason why it wasn't admissable evidence.

  • @matthewmaguire3554
    @matthewmaguire3554 5 หลายเดือนก่อน

    When the illusion is made real the illusion becomes priceless.🍿

  • @back2d_lobby
    @back2d_lobby ปีที่แล้ว +5

    Michael got hooked like a fish

  • @idicula1979
    @idicula1979 ปีที่แล้ว +2

    Don’t suck SBF too hard Micheal.

  • @sarahmalan8946
    @sarahmalan8946 ปีที่แล้ว +2

    INTELLIGENCE DIVIDED...Mike Lewis is NO GENTLEMAN....Absolutely RUDE to the Host...SHAME...SHAME...SHAME!

  • @kylebroflovsky6015
    @kylebroflovsky6015 ปีที่แล้ว +1

    This guy seems impressed by cluelessness.

  • @diane4968
    @diane4968 8 หลายเดือนก่อน

    This is my first time seeing Michael Lewis speak and he comes off so defensive. Like he is protecting his ego and that’s the whole point of the interaction. Like he just can’t face how wrong he got it.

  • @theodorearaujo971
    @theodorearaujo971 ปีที่แล้ว

    The Court will determine when FTX was "insolvent" not "bankrupt." Fighting this is very dificult because the question of insolvency controls.

  • @Marva123
    @Marva123 8 หลายเดือนก่อน

    Turns out Sam was just a very average kid, who a lot of people were tricked into giving their money to.

  • @carl2488
    @carl2488 ปีที่แล้ว +4

    It's just true that people can't separate "this guy did something to my finances" and "his intent and personality may not be as strongly negative as I *need* it to be".
    People need to collapse nuance and make the guy a 2D film-like villian to feel better.

    • @user-qj1ex4ui1h
      @user-qj1ex4ui1h 11 หลายเดือนก่อน

      ‘Did something to my finances’ actually isn’t separate from ‘intent’- even if you put aside the personality. What Sbf did to peoples finances was fraud, and the intent behind it was both deliberate and careless, certainly not accidental or coincidental. That literally is 2D villainy, it’s type straightforward, depending on how enchanting you find his neurodivergence and slovenly appearance

  • @idicula1979
    @idicula1979 ปีที่แล้ว +1

    Long story short SBF is going to jail, don’t know about his internet status.

  • @sovereignruler
    @sovereignruler ปีที่แล้ว +1

    The question in the title is diametrically opposed to your username.

  • @jxrdxn2611
    @jxrdxn2611 ปีที่แล้ว +2

    Wait why is this guy so fascinated by Sam bankman story, almost in an envious way

  • @chrism.1131
    @chrism.1131 10 หลายเดือนก่อน

    14:28 all the people who were with him, turn on him. All the media, turn on him… That is, everyone except Michael Lewis.

  • @ryanswild
    @ryanswild ปีที่แล้ว +1

    Michael he doesn't sleep because he takes adderall duh

  • @BloggerMusicMan
    @BloggerMusicMan 11 หลายเดือนก่อน

    I get why Michael Lewis was initially drawn to Sam Bankman-Fried. He has some of the same personality traits as a lot of other characters from his books, and is quite explicit about that as a reason he was drawn to him.
    The problem is that I think he became too absorbed in SBF's world and stopped looking at him objectively. Once the evidence starts coming in about the fraud case and the collapse, you have to be willing to change your perspective. I don't see Michael Lewis casting enormous amounts of doubt on the prosecutor's case, but he's still too credulous about SBF.
    I can put myself in his place and see how he may have gone there. But being credulous when everyone now knows what kind of fraud he's been up to is a very bad, reputation damaging move.
    Michael Lewis is one of my favourite writers, and seeing him still be this credulous about a guy who is clearly a con man saddens me. I still think his other books are great.

  • @F3RACTION
    @F3RACTION ปีที่แล้ว +4

    Why does everyone discredit Michael when he knows him better than most. Just cos you don't like what you hear don't mean it's not true.

  • @finbarrmcgrath1686
    @finbarrmcgrath1686 ปีที่แล้ว +2

    Get a room guys……

  • @jakebradminster709
    @jakebradminster709 ปีที่แล้ว

    It's like the emperor with no cloths. Everyone praising this dysfunctional character because they think they are too stupid to see the genius everyone else sees in SBF.

  • @BC-lf4om
    @BC-lf4om 11 หลายเดือนก่อน

    Something seems 'off' in his discussion , as if he had a deep inner uncertainty that he had been conned by SBF, and/or that there was a deeper level to the SBF phenomenon that he is mystified by.

  • @Youtubeuser42057
    @Youtubeuser42057 ปีที่แล้ว +1

    This guy was clearly paid $$ by SBF. It’s so obvious it’s cringe

  • @PPp-fg3ps
    @PPp-fg3ps ปีที่แล้ว

    You did not warn people to save their money out of FTX.

  • @sireric41
    @sireric41 ปีที่แล้ว +6

    What the hell, Mike

  • @ioanaanaoi8232
    @ioanaanaoi8232 ปีที่แล้ว

    He is what his parents groomed him. They are interesting to learn more about.

  • @BBDumfuk
    @BBDumfuk ปีที่แล้ว +2

    Intelligence subtracted

  • @Frankyc1953
    @Frankyc1953 ปีที่แล้ว +2

    Michael is rude....

  • @shelleymartin1451
    @shelleymartin1451 10 หลายเดือนก่อน

    I couldn't even listen to this after the halfway point, I just turned it off and gave up. She couldn't shut up long enough for him to finish a thought.

  • @thelammas8283
    @thelammas8283 ปีที่แล้ว +1

    Of course. So many people are greedy, and are willing to suspend critical thought in order to satisfy that greed. He created a place for them to do that. Without effort, without a plan, without even knowing what he was doing.

  • @shaunspadafora7943
    @shaunspadafora7943 11 หลายเดือนก่อน +2

    SBF became an overnight sensation, and people flocked to him like moths to flame. This is very much a part of the story, and I appreciate Michael Lewis' ability to tell this very nuanced story.

    • @user-qj1ex4ui1h
      @user-qj1ex4ui1h 11 หลายเดือนก่อน +1

      He doesn’t tho. He just dickrides the guy and fawns over his sloppy neurodivergent ‘genius’ without criticality

  • @DeeDeeCHAUNCEY
    @DeeDeeCHAUNCEY ปีที่แล้ว +3

    No. Gross.

  • @danibravo5700
    @danibravo5700 ปีที่แล้ว +2

    It's a pitty we wasted time on answering that audiences member's question...

  • @nndlchModi
    @nndlchModi 11 หลายเดือนก่อน +1

    This is disgusting

  • @jonbuck4607
    @jonbuck4607 ปีที่แล้ว +1

    this was a very good interview. sadly:)

  • @MrTimothybee
    @MrTimothybee ปีที่แล้ว +1

    No
    No
    No
    and No

  • @timtaylor7066
    @timtaylor7066 ปีที่แล้ว

    Whatever the outcome and whatever one thinks of SBF we should be thankful that the world has someone like Michael Lewis to chronicle characters and events that most people would never understand. The moderator is quite annoying and a little rude.

  • @sandworm9528
    @sandworm9528 ปีที่แล้ว +1

    Crypto twitter is gonna hate michael lewis for giving a nuanced analysis. The most complex thing they can understand is "line go up", everyone is so traumatized by rug pulls they demand the rest of the world agree that "sam is a scammer" haha sorry guys, its not that simple

    • @GEB-yy3ud
      @GEB-yy3ud ปีที่แล้ว

      Yeah, he stole in a sophisticated way.

  • @pete_roszell
    @pete_roszell ปีที่แล้ว +4

    This excellent, super entertaining I can't wait to read the book.

  • @dousiastailfeather9454
    @dousiastailfeather9454 11 หลายเดือนก่อน +1

    Let's name drop our way to glory! Laughable...

  • @marcomac8824
    @marcomac8824 8 หลายเดือนก่อน

    This author is just a twit. Light upthe world in a different way? Straight out mismanagement by clowns and incompetents.

  • @jamesito-adler7840
    @jamesito-adler7840 ปีที่แล้ว +1

    He is fascinating; she is not. When you have a great story and storyteller--DO NOT INTERRUPT THE FLOW. He was way ahead of her at every step or should I say mis-step.

  • @SantosSantos-bf5sz
    @SantosSantos-bf5sz 8 หลายเดือนก่อน

    He got off easy, 25 years. Judge not impressed.

  • @AlxzAlec
    @AlxzAlec ปีที่แล้ว

    This guy stutters a damn lot

  • @Maru-vs9kb
    @Maru-vs9kb ปีที่แล้ว

    All the people who think Michael Lewis takes SBF at face value have not read the book. They also don`t "read" Michael Lewis in general, which is their loss.

  • @anandhunt1000
    @anandhunt1000 3 หลายเดือนก่อน

    yeh admi pagal ho chukah ai kuch bhi bol raha hai ...mai isse jayda phada likha hu par bhajpa ko vote nai deta....

  • @Pilgrim812
    @Pilgrim812 11 หลายเดือนก่อน

    A first class financiopath