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Saturday, September 28, 2024

Banking and Finance

Gleb Tsipursky
Banking and Finance

FTX Brought Down by SBF’s Double-or-Nothing Philosophy

“Let’s say there’s a game: 51 percent, you double the Earth out somewhere else; 49 percent, it all disappears. Would you play that game? And would you keep on playing that, double or nothing?” The vast majority of us would not take the risk of playing that game even once....
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