Sam Bankman-Fried is going to talk himself right into jail

Re:Sam Bankman-Fried is going to talk himself right into jail by steveBK123 on Friday October 27, 2023 @10:40AM (#38039081)

I think since the GFC he has taken a bit of a turn in that he sees the traditional economy/financial markets/players as rigged against the little guy.. and taken a sort of oppositional defiance disorder approach to the whole thing.

So any Don Quixote will look like Robin Hood to him.

Flash Boys was just taking sides in a dispute with no real good guys, but the upstart/little guy to him was default "good guy". He took some more explicitly political positions in some of his other books. And now his SBF/FTX fanboyism falls under the same category that "the little guy" has to be the good guy.

The Big Short is probably his last great book / and film.

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Re:Sam Bankman-Fried is going to talk himself right into jail by tomjakubowski on Friday October 27, 2023 @10:58AM (#38039338)

> the same category that "the little guy" has to be the good guy.

Definitely present in Moneyball where the A's are the good guys - they play a similar role as Burry, exploiting inefficiencies in the market created by the big, bad guys (e.g. the Yankees, or housing lenders), for profit.

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Re:Sam Bankman-Fried is going to talk himself right into jail by steveBK123 on Friday October 27, 2023 @11:05AM (#38039436)

Yes that's a fair assessment.

Through line of his books seem to be "little guy is good".

In many of the stories the little guy he valorizes is just another neutral actor in a zero sum game.

The Big Short it just so happens that the "little guy" who was right got to make money off fairly bad actors! I wouldn't say they were themselves "good", rather more neutral players in a financial market.

He now seems to have chosen a little guy (SBF/FTX) who were explicitly bad actors. Also interesting questions in the whole Blind Side story now.

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