Bethany McLean - Enron, FTX, 2008, Musk, Frauds, & Visionaries
发布时间 2022-12-21 12:30:16 来源
摘要
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.
Spotify: https://spoti.fi/3FLCuRk
Apple Podcasts: https://apple.co/3v7djDN
Podcast Website + Transcript: https://www.dwarkeshpatel.com/p/bethany-mclean
McLean is a contributing editor at Vanity Fair (see her articles here) and the author of The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron, All the Devils Are Here: The Hidden History of the Financial Crisis, Saudi America: The Truth About Fracking and How It's Changing the World, Shaky Ground: The Strange Saga of the U.S. Mortgage Giants.
Timestamps:
(0:00:00) - Intro
(0:04:37) - Is Fraud Over?
(0:11:22) - Shortage of Shortsellers
(0:19:03) - Elon Musk - Fraud or Visionary?
(0:23:00) - Intelligence, Fake Deals, & Culture
(0:33:40) - Rewarding Leaders for Long Term Thinking
(0:37:00) - FTX Mafia?
(0:40:17) - Is Finance Too Big?
(0:44:09) - 2008 Collapse, Fannie & Freddie
(0:49:25) - 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
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