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Re:FTX’s balance sheet was bad by bogomipz on Monday November 14, 2022 @02:37PM (#33599708)
Perhaps not ignorant but maybe inexperienced for the roles and responsibilities they assumed at their new company? This is from a piece about Caroline Ellison the CEO at Alameda:

>"Before joining Alameda as a trader in March 2018, Ellison spent 19 months as a junior trader at Jane Street after graduating from Stanford University with a bachelor's degree in mathematics in 2016. In a podcast two years ago, Ellison explained that Jane Street was her first job out of college. A diehard mathematician and Harry Potter fan born of two economists, Ellison she hadn't wanted to go into trading but "just didn't really know what to do" with her life.

> "She was persuaded to join Alameda by SBF, who also previously worked for Jane Street. When she quit Jane Street, Ellison said she felt bad for staying such a short amount of time. However, this feeling quickly dissipated when she arrived at Alameda and discovered that she had "kind of more trading experience than a lot of Alameda traders," anyway."[1]

[1] https://www.efinancialcareers.com/news/2022/11/caroline-elli...

Re:FTX’s balance sheet was bad by jnwatson on Monday November 14, 2022 @02:42PM (#33599782)
You can’t make this stuff up. This would make an amazingly funny movie.
Re:FTX’s balance sheet was bad by handspun on Monday November 14, 2022 @03:05PM (#33600167)
It’s only a matter of time, Michael Lewis has been shadowing SBF for months now.

https://www.theguardian.com/books/2022/nov/14/ftx-crypto-kin...

Re:FTX’s balance sheet was bad by johnvanommen on Monday November 14, 2022 @06:35PM (#33602997)
We've somehow managed to recreate the 2000 and 2008 recessions simultaneously
Re:FTX’s balance sheet was bad by unmole on Tuesday November 15, 2022 @01:53AM (#33606084)
Lewis supposedly compared SBF to Luke Skywalker fighting Darth Vader CZ. He was probably writing a Flash Boys style hagiography. He'll have to rework the material now.
Re:FTX’s balance sheet was bad by gammarator on Monday November 14, 2022 @02:57PM (#33600033)
Re:FTX’s balance sheet was bad by basch on Monday November 14, 2022 @02:55PM (#33599998)
Re:FTX’s balance sheet was bad by TheOtherHobbes on Monday November 14, 2022 @03:23PM (#33600446)