Sam Bankman-Fried Has a Savior Complex (September 2022)

Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by nostromo on Thursday November 10, 2022 @12:40PM (#33550206)

I think it’s selection bias, because plenty of folks do cash out early.

If Zuck had taken Yahoo’s offer to buy Facebook for $1B, neither you nor I would be talking about Facebook or Zuck at all right now.

The only people that get to these insane levels of wealth are people who repeatedly let their bets ride, perhaps due to innately low risk aversion.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by misiti3780 on Thursday November 10, 2022 @12:54PM (#33550404)

if 330M people flip a coin 20 times in a row, someone will get close to 20 heads. that person might have been zuck. how much is talent and how much is luck, no one will even know.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by SXX on Thursday November 10, 2022 @01:08PM (#33550635)

There is something that we do know though. Those who dont flip coin at all will never get close to 20 heads. Ever.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by MarcelOlsz on Thursday November 10, 2022 @01:12PM (#33550693)

Why would I even want to flip a coin? I already have a bag full of pennies.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by misiti3780 on Thursday November 10, 2022 @04:34PM (#33553735)

If you have an account in HN, something tells me you have flipped some coins.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by MarcelOlsz on Thursday November 10, 2022 @11:24PM (#33557296)

And I lost every time.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by misiti3780 on Friday November 11, 2022 @08:47AM (#33560742)

Keep flipping! you will eventually regress back to the mean.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by MarcelOlsz on Tuesday November 15, 2022 @06:09PM (#33616509)

I rather focus on studying languages and instruments. Sacrificed too much time chasing money. Don't have the brain for it.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by lostmsu on Thursday November 10, 2022 @01:05PM (#33550580)

> someone

About 314 people to be precise.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by 0003 on Thursday November 10, 2022 @01:11PM (#33550660)

29 times then

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by RC_ITR on Thursday November 10, 2022 @03:07PM (#33552429)

>if 330M people flip a coin 20 times in a row, someone will get close to 20 heads.

And then they will go on CNBC and talk about the journey that got them to where they are today.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by misiti3780 on Thursday November 10, 2022 @04:34PM (#33553737)

always.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by matthewmacleod on Thursday November 10, 2022 @12:55PM (#33550425)

If Zuck had taken Yahoo’s offer to buy Facebook for $1B, neither you nor I would be talking about Facebook or Zuck at all right now.

I think that's kind of the point – I can't imagine myself being offered the choice of "enough money to do whatever you want forever" or "enough money to do whatever you want forever but also constant public attention" and choosing the latter.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by factsarelolz on Thursday November 10, 2022 @12:58PM (#33550475)

The US government would not allow the sale of LifeLog

https://en.m.wikipedia.org/wiki/DARPA_LifeLog

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by thakoppno on Thursday November 10, 2022 @03:08PM (#33552448)

Yahoo cofounders themselves walk around today with enough money forever and without public attention.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by factsarelolz on Thursday November 10, 2022 @12:57PM (#33550464)

> If Zuck had taken Yahoo’s offer to buy Facebook for $1B

The US government will never allow Zuck to sell LifeLog

https://en.m.wikipedia.org/wiki/DARPA_LifeLog

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by coldtea on Thursday November 10, 2022 @01:03PM (#33550567)

Regardless of the LifeLog tie exists or not, why not? It's all the same to them if Yahoo! had it, or anybody else still "patriotic" enough

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by factsarelolz on Thursday November 10, 2022 @01:07PM (#33550609)

Kindly look into Yahoo's board and large investors at the time. Your answer should be apparent. This isn't about Patriotism, and I'm not sure I understand the scare quotes. It would be just as much about Patriotism as the Patriot Act

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by berberous on Thursday November 10, 2022 @01:07PM (#33550610)

Forget innately low risk aversion, Sam has autistically low levels of risk aversion:

https://twitter.com/sammykoppelman/status/159047684524111462...

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by kerblang on Thursday November 10, 2022 @01:15PM (#33550726)

That's not autism at work, whether he is autistic or not.

If anything, this study would predict greater risk aversion: https://pubmed.ncbi.nlm.nih.gov/29846850/#:~:text=This%20stu....

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by bagels on Thursday November 10, 2022 @01:25PM (#33550884)

I think about Tom from myspace all the time. He's not a billionaire, but he cashed out for tens of millions and is living the best life.

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by anonporridge on Thursday November 10, 2022 @01:29PM (#33550947)

MySpace Tom is on Twitter btw, https://twitter.com/myspacetom

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by madmax108 on Thursday November 10, 2022 @03:44PM (#33553039)

He also had this zinger of a conversation on Twitter (quite relevant to the thread) a few years back: https://imgur.com/hLV4k :D

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Re:Sam Bankman-Fried Has a Savior Complex (September 2022) by imartin2k on Friday November 11, 2022 @01:08AM (#33557794)

I don’t think about him all the time but it’s wisdom! Some people just seem to intuitively be better at understanding the mechanisms of the hedonist treadmill than others. I’d claim that all the tech billionaires we know of must be rather bad at it. Otherwise they had followed Tom’s example.

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