As SBF is convicted, let us pause for a moment and remember all the Grate Branes at Sequoia Capital and many, many other places who fell for this shit hook, line and sinker.
@TorbjornBjorkman@kjhealy on occasions of schadenfreude, it is always appropriate to laugh heartily. I believe Amy Vanderbilt said so back in the 1920s.
(Voiceover: this was right before the Crash of 1929.)
@quadrivial@kjhealy Those were the days. Good old-fashioned capitalism, none of this "system critical" shit... which, ah, was another point it seems SBF forgot...
@quadrivial@kjhealy Lots of things in finance were. But I think the most important thing about that era was that it was probably the last time that recent high finance CEOs could be found on the streets selling shoelaces.
The old guard has been pretty good at arranging things so that this doesn't happen ever since. SBF thinking he belongs to some sort of new guard ... sorry, I have to take a break to laugh for a few minutes
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