Chapter
Understanding the Risk Involved in Investing
15:58 - 24:22 (08:23)
The way to think about risk in investing is that if an investor invests in a person and also invests in a product they produce, the performance of those two things will be pretty correlated. The risk involved in investing increases if an investor finds out that the person has lied about their investments.
Clips
A discussion between speakers about risk assessment and the unethical behavior of FTX.
15:58 - 20:48 (04:49)
Summary
A discussion between speakers about risk assessment and the unethical behavior of FTX.
ChapterUnderstanding the Risk Involved in Investing
Episode#345 – Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power
PodcastLex Fridman Podcast
Bill Hwang, former hedge fund manager of Archegos Capital Management, has been making a public apology tour after his company lost $8 billion due to a large margin position caused by an accounting quirk.
20:48 - 21:53 (01:04)
Summary
Bill Hwang, former hedge fund manager of Archegos Capital Management, has been making a public apology tour after his company lost $8 billion due to a large margin position caused by an accounting quirk. He claims to not have known about the situation and is attempting to right his wrongs.
ChapterUnderstanding the Risk Involved in Investing
Episode#345 – Coffeezilla: SBF, FTX, Fraud, Scams, Fake Gurus, Money, Fame, and Power
PodcastLex Fridman Podcast
The controversy surrounding the alleged commingling of funds between BitMEX and Alameda Research continues as discrepancies arise between employee statements and statements made by BitMEX CEO, Arthur Hayes.
21:53 - 24:22 (02:28)
Summary
The controversy surrounding the alleged commingling of funds between BitMEX and Alameda Research continues as discrepancies arise between employee statements and statements made by BitMEX CEO, Arthur Hayes.