2022-12-01
1 小时 30 分钟Okay, today I have the pleasure of interviewing Bern Hobart again for the second time now,
who writes at thediff.co.
The way I would describe Bern is,
every time I have a question about a concept or an event in finance,
I Google the name of that event or concept into Google and then I'd put in Bern Hobart at the end of that search query.
And nine times out of 10, it's the best thing I've read about that topic.
And it's just so interesting.
It's just like the most schizophrenic and galaxy brain it takes about how the discourses of Machiavelli's discourses relate to big tech or how Soros's theory of reflexivity explains hiring in finance and tech.
So just very interesting stuff.
I'm glad to have him back on again.
Yeah, great to be back.
Awesome.
OK, so at first, I really want to jump into the FTX saga.
What the hell happened?
Let me just like leave an open-ended question for you Yeah,
so I think I think the first thing to say is that there's a lot we don't know There's a lot we may never know
because so many of the decisions that FTX were made through self like auto deleting encrypted chat So like there there are some holes we will never be able to fill in the lack of accounting is also going to make it tough like Basically,
I think you can tell a bunch of different stories here.
The really obvious one is fraud, and you can debate over exactly when it started.
One version of the story, which is getting some currency, is that...