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Going Infinite ePub/PDF Information
| Book Name: | Going Infinite |
| Author: | Michael Lewis |
| Language: | English |
| File Type: | PDF/ePub (Downloadable) |
| Also Read | The Psychology of Money (ePUB/PDF) By Morgan Housel |
Sam Bankman-Fried was the youngest billionaire in the world and the Gatsby of the cryptocurrency industry when Michael Lewis first met him. After his meteoric rise to the Forbes billionaire list, everyone from CEOs to celebrities to the heads of minor countries clamoured for his attention and money. Who was this scruffy guy who played video games throughout Zoom meetings and wore cargo shorts and limp white socks?
Lewis attempts to provide an explanation in Going Infinite by immersing readers in Bankman Fried’s head and using his ascent and fall to teach them about high-frequency trading, cryptocurrency, philanthropy, bankruptcy, and the legal system. Going Infinite is Michael Lewis at the height of his powers, a depiction of a man who never liked the rules and was permitted to live by his own until it all came crashing down, and a financial roller coaster trip to boot.
About The Author Michael Lewis
Best-selling author Michael Lewis and his family reside in Berkeley, California. Lewis has written such titles as Liar’s Poker, The Money Culture, The New New Thing, Moneyball, The Blind Side, Panic, Home Game, The Big Short, and Boomerang.
Going Infinite Book Summary
Michael Lewis, the master of narrative nonfiction, has released his newest work, Going Infinite: The Rise and Fall of a New Tycoon (2023). Lewis maintains his remarkable streak of coming up with engaging protagonists and plot devices. Lewis is also a talented writer, and his works are fun to read.
This time, Lewis discusses the rise and spectacular fall of Sam Bankman-Fried’s (SBF) cryptocurrency exchange FTX. The book’s release also coincides with SBF’s upcoming trial.
Lewis often finds heroes in the individuals he meets. His protagonists usually have a point of view and confidence in their own views, which they aren’t afraid to share with the public. This is not the case with Going Infinite.
Amazing things have happened to SBF. He is the brilliant offspring of two professors at Stanford University. He was an eccentric child who loved games with just the right amount of chance in them. He had a hard time with more subjective topics like English because he was so logically minded. SBF excelled in mathematics and attended MIT to pursue a degree in physics. While attending MIT, SBF was introduced to the Effective Altruist (EA) community. Trader position with the mysterious Jane Street firm came swiftly for SBF. There, he thrived, and he was on course to make millions of dollars.
Instead, he came to the conclusion that those with trading expertise may make a lot of money in the cryptocurrency market. This man established Alameda Research. He co-founded the company with several ex-Jane Street employees and several Effective Altruists. After Alameda’s demise, SBF took over and ensured the company’s continued viability and financial success. He visited Hong Kong, where he was introduced to the likes of Binance co-founder Changpeng Zhao (CZ) and other crypto enthusiasts. Today, the value of CZ is $13 billion. Then, SBF established FTX as a trading platform.
As a result of FTXs meteoric rise to fame and fortune, SBF is now considered one of the world’s wealthiest individuals. He doled out cash liberally and got the ball rolling on some experimental Effective Altruism initiatives.