Bethany McLean — Enron, FTX, 2008, Musk, frauds, & visionaries
This was one of my favorite episodes ever. Bethany McLean broke the Enron story & has written some of the best finance books out there. We discuss:
* The astounding similarities between Enron & FTX,
* How visionaries are just frauds who succeed,
* What caused 2008, and whether we are headed for a new crisis,
* Why there’s too many venture capitalists and not enough short sellers,
* And why history keeps repeating itself.
𝐄𝐏𝐈𝐒𝐎𝐃𝐄 𝐋𝐈𝐍𝐊𝐒
* Transcript: https://www.dwarkeshpatel.com/p/bethany-mclean
* Spotify: https://spoti.fi/3FLCuRk
* Apple Podcasts: https://apple.co/3v7djDN
McLean …
Watch on YouTube ↗
(saves to browser)
Chapters (15)
Intro
4:37
Is Fraud Over?
11:22
Shortage of Shortsellers
19:03
Elon Musk - Fraud or Visionary?
23:00
Intelligence, Fake Deals, & Culture
33:40
Rewarding Leaders for Long Term Thinking
37:00
FTX Mafia?
40:17
Is Finance Too Big?
44:09
2008 Collapse, Fannie & Freddie
49:25
The Big Picture
1:00:12
Frackers Vindicated?
1:03:40
Rating Agencies
1:07:05
Lawyers Getting Rich Off Fraud
1:15:09
Are Some People Fundamentally Deceptive?
1:19:25
Advice for Big Picture Thinkers
Playlist
Uploads from Dwarkesh Patel · Dwarkesh Patel · 39 of 60
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
▶
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Rubik's Cube Encryption Demo
Dwarkesh Patel
Bryan Caplan - Nurturing Orphaned Ideas, Education, and UBI
Dwarkesh Patel
Matjaž Leonardis - Science, Identity and Probability
Dwarkesh Patel
Robin Hanson - The Long View and The Elephant in the Brain
Dwarkesh Patel
Caleb Watney - America's Innovation Engine
Dwarkesh Patel
Alex Tabarrok - Prizes, Prices, and Public Goods
Dwarkesh Patel
Scott Young - Ultralearning, The MIT Challenge
Dwarkesh Patel
Scott Aaronson - Quantum Computing, Complexity, and Creativity
Dwarkesh Patel
Uncle Bob - The Long Reach of Code, Automating Programming, and Developing Coding Talent
Dwarkesh Patel
Michael Huemer - Anarchy, Capitalism, and Progress
Dwarkesh Patel
Sarah Fitz-Claridge - Taking Children Seriously | The Lunar Society #15
Dwarkesh Patel
Byrne Hobart - Optionality, Stagnation, and Secret Societies
Dwarkesh Patel
David Deutsch - AI, America, Fun, & Bayes
Dwarkesh Patel
Bryan Caplan - Labor Econ, Poverty, & Mental Illness
Dwarkesh Patel
Jimmy Soni - Peter Thiel, Elon Musk, and the Paypal Mafia
Dwarkesh Patel
Razib Khan - Genomics, Intelligence, and The Church of Science
Dwarkesh Patel
Pradyu Prasad - Imperial Japan, the God Emperor, and Militarization in the Modern World
Dwarkesh Patel
Manifold Markets Founder - Predictions Markets & Revolutionizing Governance
Dwarkesh Patel
Ananyo Bhattacharya - John von Neumann, Jewish Genius, and Nuclear War
Dwarkesh Patel
Agustin Lebron - Trading, Crypto, and Adverse Selection
Dwarkesh Patel
Sam Bankman-Fried - Crypto, FTX, Altruism, & Leadership
Dwarkesh Patel
Alexander Mikaberidze - Napoleon, War, Progress, and Global Order
Dwarkesh Patel
Sam Bankman-Fried On FOCUS
Dwarkesh Patel
Sam Bankman-Fried on GREAT FOUNDERS
Dwarkesh Patel
$30 BILLION Opportunity Ignored by Sam Bankman-Fried Competitors
Dwarkesh Patel
Fin Moorhouse - Longtermism, Space, & Entrepreneurship
Dwarkesh Patel
Joseph Carlsmith - Utopia, AI, & Infinite Ethics
Dwarkesh Patel
Will MacAskill - Longtermism, Effective Altruism, History, & Technology
Dwarkesh Patel
Steve Hsu - Intelligence, Embryo Selection, & The Future of Humanity
Dwarkesh Patel
Austin Vernon - Energy Superabundance, Starship Missiles, & Finding Alpha
Dwarkesh Patel
Charles C. Mann - Americas Before Columbus & Scientific Wizardry
Dwarkesh Patel
Tyler Cowen - Why Society Will Collapse & Why Sex is Pessimistic
Dwarkesh Patel
Bryan Caplan - Feminists, Billionaires, and Demagogues
Dwarkesh Patel
Brian Potter - Future of Construction, Ugly Modernism, & Environmental Review
Dwarkesh Patel
Kenneth T. Jackson - Robert Moses, Hero of New York?
Dwarkesh Patel
Edward Glaeser - Cities, Terrorism, Housing, & Remote Work
Dwarkesh Patel
Byrne Hobart - FTX, Drugs, Twitter, Taiwan, & Monasticism
Dwarkesh Patel
Nadia Asparouhova — Tech elites, democracy, open source, & philanthropy
Dwarkesh Patel
Bethany McLean — Enron, FTX, 2008, Musk, frauds, & visionaries
Dwarkesh Patel
Holden Karnofsky — History's most important century
Dwarkesh Patel
$30m Grant to OpenAI?
Dwarkesh Patel
Does GPT Have Holden Worried?
Dwarkesh Patel
Lars Doucet — Progress, poverty, Georgism, & why rent is too damn high
Dwarkesh Patel
Deep Learning Changes Everything
Dwarkesh Patel
Garett Jones — Immigration, national IQ, & less democracy
Dwarkesh Patel
Marc Andreessen — AI, crypto, 1000 Elon Musks, regrets, vulnerabilities, & managerial revolution
Dwarkesh Patel
Why You Shouldn't Start A Startup
Dwarkesh Patel
The Future Of Venture Capital
Dwarkesh Patel
The Crucial Skill For A Startup Founder
Dwarkesh Patel
Brett Harrison — FTX US former president speaks out
Dwarkesh Patel
Nat Friedman (Github CEO) — Reading ancient scrolls, open source, & AI
Dwarkesh Patel
Ilya Sutskever (OpenAI Chief Scientist) — Why next-token prediction could surpass human intelligence
Dwarkesh Patel
Impact of Taiwan Invasion on AI
Dwarkesh Patel
Reliability is Bottleneck on AI - OpenAI Founder
Dwarkesh Patel
Next Token Prediction SOLVES AI Says OpenAI Founder
Dwarkesh Patel
Harmful Uses of GPT - OpenAI Founder
Dwarkesh Patel
Why OpenAI Founder Thinks AI Is Near
Dwarkesh Patel
AI will help us achieve enlightenment - OpenAI Founder
Dwarkesh Patel
Eliezer Yudkowsky — Why AI will kill us, aligning LLMs, nature of intelligence, SciFi, & rationality
Dwarkesh Patel
Richard Rhodes — The making of the atomic bomb
Dwarkesh Patel
DeepCamp AI