Going Infinite audiobook cover - The Rise and Fall of a New Tycoon

Going Infinite

The Rise and Fall of a New Tycoon

Michael Lewis

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Categories:
Biography & MemoirEntrepreneurshipCorporate CultureMoney & Investments

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Going Infinite
SBF's Background & Personality+
Rise in Finance+
Building the Crypto Empire+
The Collapse+

Quiz — Test Your Understanding

Question 1 of 5
What philosophical concept drove Sam Bankman-Fried's desire to earn massive amounts of money on Wall Street?
  • A. Effective altruism
  • B. Objectivism
  • C. Traditional corporate philanthropy
  • D. Ethical egoism
Question 2 of 5
How did Bankman-Fried cope with his natural difficulty in connecting with other people?
  • A. He communicated exclusively through written memos and text messages.
  • B. He practiced making facial expressions to make others feel more comfortable.
  • C. He hired a spokesperson to handle all of his internal company communications.
  • D. He mandated that all meetings be held in virtual reality environments.
Question 3 of 5
Why did Bankman-Fried launch FTX in Hong Kong rather than the United States?
  • A. He wanted to take advantage of significantly lower corporate tax rates in Asia.
  • B. Hong Kong offered the cheapest technology infrastructure for high-frequency trading.
  • C. He already had a massive customer base in Asia from his time at Jane Street Capital.
  • D. The US tightly regulated cryptocurrency and considered selling crypto futures illegal.
Question 4 of 5
Which of the following best describes Sam Bankman-Fried's management style at FTX?
  • A. He implemented a strict, rigid corporate hierarchy to maintain absolute control over daily operations.
  • B. He delegated all major financial decisions to a highly experienced Chief Financial Officer.
  • C. He avoided assigning clear roles, refused to appoint a CFO, and lacked an organizational chart.
  • D. He held daily mandatory meetings where he strictly enforced traditional corporate norms.
Question 5 of 5
What initial revelation sparked the crisis that eventually led to the collapse of FTX?
  • A. A government audit revealed that FTX was operating a massive Ponzi scheme.
  • B. Media reports highlighted that a massive portion of Alameda Research's assets consisted of FTX's own FTT tokens.
  • C. Bankman-Fried publicly announced he had lost the company's funds in a series of bad trades.
  • D. The CEO of Alameda Research confessed to authorities about embezzling billions of dollars.

Going Infinite — Full Chapter Overview

Going Infinite Summary & Overview

Going Infinite (2023) offers a behind-the-scenes look at the scandal surrounding Sam Bankman-Fried and the epic collapse of his cryptocurrency companies. It aims to answer the question: How can a man go from earning billions of dollars in a matter of years to losing it all in a matter of months?

Who Should Listen to Going Infinite?

  • News junkies interested in current financial events
  • Anyone who likes a good rise-and-fall story
  • People curious about the Sam Bankman-Fried trial

About the Author: Michael Lewis

Michael Lewis is an author and journalist known for his compelling works on finance and sports. His best-selling books, including Moneyball and The Big Short, have made him a celebrated figure in the world of nonfiction storytelling.

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