Chapter
Lessons from the SPF collapse
44:14 - 48:55 (04:41)
Despite the warning signs, many influential and smart people believed in the success of the hedge-fund firm, SPF. This collapse illustrates the blind spots in our society's heuristics, where assumptions about intelligence based on factors like attending an Ivy League school can lead to misjudgments.
Clips
Despite the presence of warning signs of fraud in SPF, many smart people invested in it and got it wrong.
44:14 - 46:23 (02:08)
Summary
Despite the presence of warning signs of fraud in SPF, many smart people invested in it and got it wrong. People failed to delve deep into SPF's liabilities and structure before making the investment, leading to its eventual downfall.
ChapterLessons from the SPF collapse
Episode#345 – Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power
PodcastLex Fridman Podcast
Our society heavily relies on heuristics, such as attending an Ivy League school or working at a billion dollar exchange, to determine intelligence or ethics, which can result in dangerous blind spots and the need for further investigation.
46:23 - 47:54 (01:31)
Summary
Our society heavily relies on heuristics, such as attending an Ivy League school or working at a billion dollar exchange, to determine intelligence or ethics, which can result in dangerous blind spots and the need for further investigation.
ChapterLessons from the SPF collapse
Episode#345 – Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power
PodcastLex Fridman Podcast
The hosts discuss the level of trust people have with Apple over Google when it comes to data, and the dangers of Google search history if not properly maintained.
47:54 - 48:55 (01:00)
Summary
The hosts discuss the level of trust people have with Apple over Google when it comes to data, and the dangers of Google search history if not properly maintained.