Going Infinite is a shit book. It makes me mad. It makes me hate Michael Lewis.
I have been a fan of Michael Lewis while also beefing with Michael Lewis because he's always entertaining and also always wrong. Never before has he been this wrong while also being this boring.
And I mean, it's teeth-grindingly one-sided. Lewis mentions that he got to know Sam Bankman Fried because one of his "good friends" was thinking of investing "hundreds of millions of dollars" and wanted Lewis to "check him out." Lewis took him for a walk around Berkeley, gave his buddy the go-ahead, and promptly lost his "good friend" $350m but Lewis never mentions him again.
That's the fourth instance of Sam losing someone $350m; Lewis describes a Jane Street scheme cooked up by Sam to profit off the election that loses Jane Street $350m. He describes an arbitrage bot cooked up at Sam's command that manages to lose $350m in the triangle trade between Ripple, Bitcoin and Korean won. Then of course there's the $350m that FTX traders lost to phishing and having their (plain text) security keys leaked.
It's frankly amazing that Michael Lewis would release a book portraying SBF's innocence nine months after the public has learned FTX had a chat group titled 'Wirefraud.' But he did. And he's sticking to his guns. And he's sullying the reputations of anyone calling him on it.
My sincere hope is that this whole debacle severely damages the reputations of the tech hagiographers like Lewis and Isaacson who steadfastly insist that the "heap money on privileged soiopaths" business model is healthy and sane. Sam Bankman Fried's crimes were the direct cause of the collapse of Silicon Valley Bank (3600 employees) and Silvergate Bank (300 employees) and the loss of over four billion dollars by thousands of individual investors. This shit is a cancer and Lewis is malignant.