Chapter
FTX Failure and Its Wider Implications
29:48 - 33:53 (04:05)
The FTX failure exposed systemic laziness, bias, and a blind eye that enabled fraud. It had implications for various sectors, including offshore regulatory, investors, and journalists. In 2020, the speaker predicted that crypto would be the biggest loser in 2022.
Clips
The hosts revisit their predictions from last year on the biggest losers in business.
29:48 - 30:27 (00:39)
Summary
The hosts revisit their predictions from last year on the biggest losers in business. They reflect on the accuracy of their predictions and share their thoughts on each other's forecasts.
ChapterFTX Failure and Its Wider Implications
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
David Bahnsen explains in a podcast that on a percentage basis, Big Tech was the biggest business loser of 2021 due to crowding, regulatory pressure, and changing innovation cycles.
30:27 - 31:38 (01:11)
Summary
David Bahnsen explains in a podcast that on a percentage basis, Big Tech was the biggest business loser of 2021 due to crowding, regulatory pressure, and changing innovation cycles. The fever broke in the second half of the year and panicked selling is now occurring to cover losses.
ChapterFTX Failure and Its Wider Implications
EpisodeE109: 2022 Bestie Awards Live from Twitter HQ
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The FTX failure has exposed the systemic laziness and flaws within the traditional investment framework, including offshore regulatory, blind eye, and bias.
31:38 - 33:53 (02:15)
Summary
The FTX failure has exposed the systemic laziness and flaws within the traditional investment framework, including offshore regulatory, blind eye, and bias. Investors' desire to be part of the hot new thing and insufficient due diligence have enabled the failure to occur.