I care about sober behaviour while managing billions of dollars that one intends to donate. I think it will turn out that SBF’s decisions were bad ex ante, even if they hadn’t been fraudulent and even if they hadn’t been been risk neutral. I think it will turn out they were just bad trades. And I think that’s pretty notable given the quantities of money we are resources with here.
Again, i’m not saying that makes it okay, but I think this would have gone badly even with no fraud and I think that’s bad.
A marginal defence of this being worth upvoting.
I care about sober behaviour while managing billions of dollars that one intends to donate. I think it will turn out that SBF’s decisions were bad ex ante, even if they hadn’t been fraudulent and even if they hadn’t been been risk neutral. I think it will turn out they were just bad trades. And I think that’s pretty notable given the quantities of money we are resources with here.
Again, i’m not saying that makes it okay, but I think this would have gone badly even with no fraud and I think that’s bad.