Going Infinite: The Rise and Fall of a New Tycoon
Michael Lewis
From the #1 best-selling author of The Big Short and Flash Boys, the story of FTX’s spectacular collapse and the enigmatic founder at its center. When Michael Lewis first met him, Sam Bankman-Fried was the world’s youngest billionaire and crypto’s Gatsby. CEOs, celebrities, and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side? In Going Infinite Lewis sets out to answer this question, taking readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system. Both psychological portrait and financial roller-coaster ride, Going Infinite is Michael Lewis at the top of his game, tracing the mind-bending trajectory of a character who never liked the rules and was allowed to live by his own―until it all came undone.
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All this book has done is show me how stupid technically smart people can be. Like what a mess. And the scale of the money is insane.
I don't really know how to rate this, on one hand it was incredibly obvious there was a clear author bias toward thinking this whole thing was a mistake (though even if it was a mistake with no intent to fraud, it's still the fault of the people in charge, you can't just wave that away) But, on the other hand it was an interesting read. The most compelling part for me was about jane street actually, and how they tested for/thought about problems.
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