Evidence receipt / uncertainty
Published · transcript-backedSam Bankman-Fried: uncertainty
15 Dec 2021 Acquired FTX (with Sam Bankman-Fried & Mario Gabriele)
“Can you walk through that assumption? I don't know if you realize you made an assumption there.”
Source trail
Everything needed to verify it.
- Speaker
- Sam Bankman-Fried
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 15 Dec 2021
- Publisher
- Acquired
Transcript context
…This is okay because they're making so much money. If this were purely what was happening to their cash flow, then they would be out of business immediately. But they're making so much that they're just running supper inefficiently because they have this problem. It's actually worse than that. You made an assumption there. Can you walk through that assumption? I don't know if you realize you made an assumption there. My assumption is if they're taking three to four basis points of everybody's trade, then they have this nice fat revenue stream that they can afford to make these screw-ups and not liquidate people out of their positions fast enough.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.