Read & Repeat20 Mars 2024

EP69 The Rise and Fall of FTX

In this episode, we cover the rapid rise and stunning fall of crypto darling, FTX. Sam Bankman-Fried and his firm FTX provide us with a number of incredible INVERT lessons, such as never installing a board or CFO, hiring anyone who walks through the front door, spending hundreds of millions on sports marketing in a non-core market, and lacking all forms of accountability. We discuss how the internal controls within FTX ran counter to the company's external perception, as tons of VCs and celebs wanted to get in on the action even when they didn't know what was going on under the hood. When crypto prices plummeted in late 2022, SBF tried to be a messiah in the industry, going around and saving multiple failing enterprises, but we quickly realized FTX may not be on stable footing themselves. We hope you enjoy this one!

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Going Infinite: The Rise and Fall of a New Tycoon - Michael Lewis

John Ray Testimony Highlights - WSJ

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Please share with a friend or rate 5 stars if you enjoyed this episode! | Find us at ReadnRepeat.com and on Twitter @ReadnRepeatPod

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Recommendation of the Week: Funny skit song Cop Cuties

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The Web of Ideas: Going Infinite (my notes on the book)

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Show Notes:

2:56 - An unconventional childhood

8:04 - Optimizing for effective altruism

16:20 - Alameda Research... a vessel to save some vast number of lives?

23:19 - Capilizing on crypto's speculative frenzy

30:14 - "No experience necessary"

33:45 - Investor FOMO

37:02 - One giant dragon's liar of Alameda & FTX assets

40:31 - You can an endorsement deal! You get an endorsement deal!

48:00 - A complete absense of checks and balances

49:52 - Unlimited funds or unlimited customer deposits?

57:15 - But we didn't have criminal intent!

1:00:41 - Alameda's special privileges

1:02:41 - Bankruptcy...

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Avsnitt(77)

EP77 Arnold: The Education of a Bodybuilder

This week, we continue our journey with Arnold by learning how he rose to the top of the bodybuilding world in only an 8 year span!! As a 15 year old kid in Austria, Arnold wasn't on anybody's radar...

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EP76 Be Useful by Arnold Schwarzenegger

This week we dive into Arnold Schwarzenegger's book 'Be Useful,' offering insights into how he reached the pinnacle of success across bodybuilding, acting, and politics. Arnold shares the 7 tools that...

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EP75 What I Learned About Investing From Darwin

We loved making this episode because it's part Darwin evolutionary biology and part Buffett investing wisdom! In the book, Pulak Prasad shares how he has built his investment philosophy based on evolu...

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EP74 Only the Paranoid Survive

In this episode we cover Andy Grove's famous book, Only the Paranoid Survive. Andy Grove was a co-founder and former CEO of Intel, leading the company through some of its best years as it established ...

24 Apr 202440min

EP73 The Tao of Charlie Munger

An episode dedicated to the investing legend, Charlie Munger. Enjoy! ---- The Tao of Charlie Munger - David Clark ---- Please share with a friend or rate 5 stars if you enjoyed this episode! | Find us...

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EP72 Influence: The Psychology of Persuasion

In this episode, we cover Influence - Robert Cialdini's seminal book on the 6 principles of persuasion. This book was so influencial on Charlie Munger that he even gave Cialdini shares of Berkshire's ...

10 Apr 202458min

EP71 Son of Hamas

This episode continues our two part series on the Israeli - Palestinian conflict. In this episode, we learn the origin story of the terrorist group Hamas, told firsthand by their founder's son, Mosab ...

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EP70 Israel: The Most Misunderstood Country on Earth

This week's episode is extra special to us. In this episode, we dive into the history of Israel and the conflict in the Middle East, attempting to provide nuance to an extremely polarizing subject. We...

27 Mars 20241h 1min