The David Rubenstein Show: Sam Bankman-Fried
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- Опубликовано: 31 авг 2022
- Sam Bankman-Fried, CEO and co-founder of crypto exchange platform FTX, talks about the volatility around Bitcoin, bailing out other crypto companies and why he's not into luxury items. He speaks on "The David Rubenstein Show: Peer-to-Peer Conversations," recorded on August 17 in New York.
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Who's here after the blow up of FTX? :D
Knew all along this j3w was a crook..... the ascension was too fast
@@diabolivirtusen-tavares-ea4645 lol us tell how you really feel
Bad for crypto in the short term, good in the long term.
@@vivahernando1 Well, how do u feel? 🤔
@@diabolivirtusen-tavares-ea4645 he's one of them too??
Dude cant stop violently shaking as soon as David asks "Where'd the money come from?" 2:38
yeah, in hindsight the body language was spot on that not all was right in oz.
with eyes darting left and right
@@chadwolf3840 its just a thing from his trading days, dont read too much into it lol, I do it sometimes
@@RR-et6zp it’s possible that it’s a stress twitch, but i think the stress was from the fraud.
@@chadwolf3840 or for his trading days , yes , where the fraud was made
..Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places
..I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@fresnaygermain8180 .This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant and everything changed. In in the first quarter of this year i made $370k and counting
@Dave Delva My Financial Advisor is JEFFREY HAROLD STARR I found him on a CNBC interview where he was featured and reached out to him afterwards. he has since provide entry and exit points on the securities I focus on. You can run a quick online research with his name if you care for supervision
@@belobelonce35 Thank you for this Pointer. It was easy to find your handler, he seems very proficient and flexible. I booked a call session with him.
Great reporting Bloomberg, lots of due diligence done on your fluff piece.
little black hats... 😎👌
Tribe working together.
where were you when they did this two months ago? Hind sight is perfect?
@@titusp9488 I’ve always thought crypto was a joke. To be honest, I didn’t pay any attention to it before I saw my thesis was being proven correct. I was flabbergasted to see that there are 9,200+ listed jokes. I cannot believe there are that many idiots out there who are participating in this space. Clearly, the smoke 💨 is dissipating and good luck getting any future VC money. Instead of crying about what was, pay attention to what’s next. I guarantee, it’s not crypto.
@@coop3014 -- Dont mix ideas and concepts
1. There is a lot of fraud related to CRYPTO world (that is true).
2. Nothing is absolute ... CRYPTO has its value based on FIAT corruption (QE)
3. FTX fraud is an company issue with its founder and operation (stealing investor capital to fund its insider trading bets / out right stealing)
4. The founder lied and mislead in this entire interview :) Rubenstein was asking all the right questions looking back ... just no one knew the guy was lying.
see you in 10 yrs and will see if CRYPTO is still around.
If shaking leg was a lie detector.
and he always do that
this is classic sleep deprivation /anxiety - not excusing anything
The folk that I know who jiggle like this take drugs .... pot or coke! Living on their nerves all the time! Not honest people either! Scam merchants!
Also he’s a fat vegan. The warning signs were there😂
Who does that during an interview? It looks like he’s having a wank
This interview was just fantastic. It aged so gracefully. The host clearly does his research on the guests he has on his show. 💯.
In all fairness to the interviewer, he DID ask where the money comes from for the bail outs :) If he were a bit more perceptive he would see how Sam was not telling the truth when he answered....shaking foot was a big tell (among many others)
.
What's the connection between them Gary gentler and Larry fink😂
Ye was right
@@skp8748 who nose 👃
@@ericdoheny9108 💀😂
Y p
Always good to hear from respected Ponzi businessman Sam Bankman-Fried (he literally confessed to selling Ponzis on Odd Lots)
You're a visionary
Why didn't you warn everyone ?
@@Matowix because nobody wants to listen
Tell me more about the future please
You know about what are talking... That's what is called wisdom
This guy will highly likely get the SEC after him at some point, seeing how the founders of Bitmex have all been sentenced, and he's done practically exactly the same, on a way bigger scale, and got celebrities and big names from the USA involved.
I seriously doubt it. Plus he got the legal team of his parents to guide
If you watch his early interviews, he traded on inside knowledge of order flow and arbitrage. SEC once again failed to protect investors
How can my post not have more likes?! I made the call 2 months ago, my greatest prediction and post in my youtube history, and no attention at all!
@@tomr164 makes two of us !
You called it!!
“Don’t put in more than you’re afraid to lose”
Ok sam
he didnt lie
@@aleekamui technically true here lol
buyer beware. and he warned you well.
The fin-Markets have underperformed the U.S. economy as fear of inflation hammers the prices of stocks and bonds. My $400,000 portfolio is down by approximately 25%, any recommendations to scale up my returns before will be highly appreciated.
You have to get a financial-advisor/broker to aid you diversify your portfolios to include commodities, inflation-indexed bonds and stocks of companies with solid cash flows, as opposed to growth stocks where valuations were based on future potential earnings,
@@sheliaswelttk2535 Very true , I diversified my $250K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield stocks, ETF and bonds in few months.
@@williamskohler8337 How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@gabriellewilson5625 well, credits to Tracy Helene Aalvik, one of the best portfolio manager's out there. she's well known, you should look her up
@@williamskohler8337 This recommendation literally came at the right time, I dipped by $11k in stocks last week alone. Its crazy! I just looked up Tracy Helene Aalvik online and researched her accreditation. She seem very proficient & I wrote her detailing my Fin-market goals . Information they say, is power. Thanks for this.
Sam is the new crypt keeper lol and This video aged like milk.
Sneaky j3w scammers
Like milk….😂
Oh this interview is sure gonna blow up & be dissected now given that FTX is going under. TBH, I was spectacularly underwhelmed by the interview unlike others of yours David because this was supposed to be about the next big frontier of tech but he seems to speak like an average Joe Shmoe.
Talks like his nuts got snipped.
J3w scammer boy 😁
He cares about numbers, not words lol. When you think about it , it's more efficient. Less homosapien words, more language of nature
He talks like a dumb girl... Kind of the mirror image of Liz Holmes 😹
The obviouse nervous shakes on SBF's legs while he's talking about source of funds! OMG
‘And we’re a profitable business’ he says. Straight to jail
Time stamp ?
@@ImQuzah about 3 mins in
Yeah as soon as he was asked 😮
J3w crooks? Noooo way
Omg! This is the first time I’ve heard this trash bags voice! Lol. Also HAHAHAHAHHA! Sam straight to jail. So good
Con man. Dresses like a 12 y/o.
J3W crook 😁
He sure is getting dat D
Sounds like he's trying to imitate vitaliks voice
He ain't going to jail, he gave tons to the corrupt DNC. He's gold.
Inspiring talk, I hope the good presenter David had the sense to put everything he had into this fine young gentleman's projects.
Idiot
Lol
16:30 don't put in more than your comfortable loosing
Sam took the phrase “making money” very literally
Maybe I should be thanking Sam. Massive crypto crowd pulling their money and parking it on safe S&P, and legit assets. Dow up 1,000 points as we speak🥳
@@donantonio5646 Gracias mi Amigo.
It was perfect timing. The Dollar went up causing the dollar safe zones of Gold and Crypto to be less tempting, and instead of pushing more in to coinbase the heavy hitters took advantage of the undervalued US market indexes.
The next problem is if the SEC fully regulates the Crypto exchanges as they should, will it cause another coinbase collapse? The SEC and Feds will need 100% transparency of the companies, and if even 1 is doing the same thing as FTX, they will find out. I do believe that will be the case.
So I expect the value of all the coinbase to drop. Watch for "Crypto Gurus" to insure that everything is fine. They will be slowly pulling their assets out while others put theirs in. This is a prime example of what happened to Nikola.
Best to keep money out until the dust settles.
who the fuck invests in anything except REAL estate.
@Dudley Maco And plan to watch it go to 5k next year just as it was projected pre-pandemic. All indexes with maybe the exception of the Tech-Sector is super undervalued right now.
@@lissettelopez8331
30 of the largest US companies just announced layoffs of at least 5%
So yeah, i bet the market is going through rhe roof.
Lmfao
Dave Rubenstein literally interviewing him like he's a child lol
Totally agree. And I’m sure he didn’t go into with that as an objective. He was just reacting to the responses to his early questions.
He does come across a child tho. It's fascinating to think this was all a sham and one big ponzi scheme. Love how he brought up charity donations. Lol
@@evolassunglasses4673 Yeah absolutely wild - he was also sponsoring videos and requiring people to say that he was a great philanthropist. Sooooo dumbbb
Visiting this after the news this morning.
🙂
It's become clear to me that prior to the FTX collapse 3 people should have been fired. Sam Bankman Fried, Caroline Ellison, and Sam's hairdresser.
😂😂😂
He wears his shorts like a kid in school!
"Were you interested in the law at any point growing up?" 🤣🤣🤣 "Not at all growing up but I have become more interested recently" 🤣🤣🤣
I'm not happy with the manner bitcoin has been going for a weeks , now its at 19k i don’t think we are heading to a new All Time High sooner. i got in at 20k and i pray it attain ATH of 100k before December so that i can buy my sick mom her dream car, grant some of her wish before her death.
PS. she has chronic ovarian cancer
Time will tell, we are uncertain times and with that it's hard to see what the future will look like however for you to achieve your goals , investmnt psychology is by far the more important element, followed by risk control.
As Jack Bogle said 'your emotions will defeat you totally if you do not have control over it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The crypto market has plenty of opportunities to earn which I myself took advantage of.. I made my first million from going diverse, mainly stocks, ETFs and bonds. It’s a long term plan for me so I invest and re-invest. credits to my F.A [KATHERINE DUFFY BURKE ]
@Chloe Baker I've known I've wanted to start investing for a few months but just haven't been brave enough to start due to the market so far this year. I have 60k i want to transfer into an s&s isa but its hard to bite the bullet and do it. Please do i reachout to Katherine and whats her services like?
@Chloe Baker Katherine really seem to know her stuff. I found her online-page, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
2:53 Cat's pumping that foot like he's working a vintage sewing machine lmao
Crypto has about as much utility as a Chinese condo in a ghost city. Just sell it to the greater fool.
😂🤣🔥
We need Ja Rule on the zoom call to give the FTX board a rousing pep talk.
As soon as he starts lying his leg starts shaking 2:54
hes shaking from the very start of the interview, his jaw is clenched. he is on amphetamines
The arrogance that he thought he was the only really smart person around until he saw MIT had lots of smart people.
Let's see how smart he is in the coming weeks.
Looking forward to part 2 of this interview, can't wait, so jittery shakey excited
Can we get a recap where you ask him about fraud? 😂
J boys are known for it 😁
This guy seems like a stand up billionaire! FTX is surely going places!
Hopefully to jail
Hope he likes orange.
Yeh, Jail.
Another stand up billionaire, Jewish too, also connected to the Ukraine
This comment did not age well
that leg movement. like he wants to get out of there
J3w crook tendencies
"it fleshed out a bunch of stuff that needed to be out of the crypt space anyway"... got that one right
Soo glad the kid done this interview,he must’ve known he was busted, and done it anyway, love the hosts questions that delve into his past, this is probably my all time favorite interview!
This aged well !
Like a bottle of milk left outside in 105 degrees
He is a billionaire before 30, and broke at 31 unless he stashed money in accounts under fake names in cayman islands
@@williamhaynes7089 If he knew what he was doing from the start, he should have had money, false ID's. passports stashed in countries with no extradition treaties and gone dark already.
@@ppumpkin3282 He at least had the offshore HQ part right... harder to break laws there
Dude is about to shake himself outta that chair
man this aged well lol
well there goes his philanthropy...just wow
Would love to see his thoughts now on the crytpo sphere
Said he went to Wall Street and wanted to become rich; in the same breath, said he wanted to give everything to charity. Oh, also got “burnt out” at academia but didn’t take that many classes. Have no idea why people thought so highly of this guy. Total joke.
It's called hype.
I mean he did graduate from MIT. Not sure how the classes thing is related to him being a fraud
It's amazing how many people in the financial industry have no clue how to communicate and understand people. They are brilliant at numbers and reading balance sheets. But they have no clue how to read people. The first moment I saw this SBF guy years ago, the red flags were immediate to me. I mean come on, dude shows up to reputable interviews looking desheveled, acting shifty, rocking shorts and New Balance shoes, and no warning signs go off for you?!
Agreed!
If they were brilliant with reading balance sheets they would’ve seen that ftx didn’t hold user assets 1:1 and that they were massively overlevered on their own company token. The financial industry has gotten too taken away by appearance imo, not enough caring about financial fundamentals and sustainable business-building.
Nonsense. Have you seen Zuckerberg's early interviews? The issue here is precisely the opposite. Too many decisions were made on the basis of hype and mere appearances rather than due diligence.
Whats the problem with new balance shoes?
This interview needs to be preserved…as evidence!
I believe changing names would be his favorite things on his bucket list these days...
Shocking that he is a fraud. He presents well, dresses well, and has a strong voice. I mean, every single person in the financial media is a disgrace. Bar none.
Lol
lmao
😂😂
So,you would give your money to someone who "presents well, dresses well, and has a strong voice". I respect your choice (no).
I commend Rubenstein for not taking this interview down. It would have been easy to bury the evidence.
This aged well 😂
"I think i've become more interested in the law recently".... Lol
😂😂
I do believe that we must keep away from people who are saying they want to make a world a better place ....
lmao, right?
Wow, David. This kind of great work is what led me to divesting from Carlyle Group. 🎉
Dude thinks he’s the JPM of crypto. What a 🤡
“Don’t put in more than you’re fine losing.” 😂😂
Wow! these guys (sorry David includes you and press) make guys look so pontificated if they are “the community”. Bernie Madolf and now Sam B. The exuberance to call these guys next JP Morgan. David such a shame you went all the way to interview this guy and you couldn’t tell he was not Kosher given your experience. Any comment David? I know no comment...wink wink.
There’s nothing quite like a charitable grifter
@X D for the DNC.
All of us in the crypto world are Fried, not only Sam Bankman
😂😂
He's a jew
all of you
With Major changes going on around the world economy is safe to say things have not remained the same, a lot of people became jobless in the twinkle of an eye, bills pilling up and it’s only wise as we humans start looking for other ways to generate income to sort out basic needs and also enjoy the good things of life. Earlier this year I ventured into cryptocurrency trading with the help of Mr Veilleux Thierry an expert trader who provides me with signals/strategy
Yes crypto brings so much abundance. But I can’t help but feel poor right now. Really poor.
It's okay to be frustrated especially at this point in time, a lot of people will go homeless
no doubt, being unfortunate will happen sooner since certain people lost their cryptos and job >
>< I nearly lost my btc before a partner of mine at work presented this equivalent Mr Thierry Veilleux to me, Mr Thierry signals/procedure helped me a great deal >
Hi mate can I get his contact?... I'm frustrated right now
excellent advice at the 16 minute mark by SBF "don´t invest more than your willing to lose" ohh realllyyy you dont say
Hey Bloomberg- We demand an immediate sequel!! This time ask SBF where’s his secret stash. Argentina? Iceland?
Ditto
SBF is a really great person. I would give him ALL of my money to manage. Totally get why they have frozen my withdrawal request. Company must be doing so well that they want to keep everyone’s money so it will only get bigger. That’s finance for ya
😂😂😂
I'm just in the comment section comparing comments from 2 months ago and the recent ones and just laughing !
No one ever explains why bitcoin has value other than the greater fool theory.
that is the only reason it has value. No one uses it to buy things with it
Because there is a limited supply & it’s the best money we’ve ever had
unknown founder, can be seen as a commodity etc
At least with previous speculative frenzies, when the mania ended, you had something uesful- a tulip bulb or a beanie baby.
@@romanone eat shtt
Stunning listening to this guy.
I guess it is the only Rubinstein Interview where comments are allowed. Even more fun for us 😀
Great guy! We need more of these kind of people in the world
lol
🤣
lol
this did not age finely
lollllllllllllllllllllllllllllllllllllllll
Another good one David! Thank you. More people from web 3 would be fun to interview.
Bahamas needs extradite this national treasure back!!!
"national treasure" lol
Anyone that’s gives their money to a kid in a tee-shirt living in the Bahamas promising to increase your wealth….deserves to loose it. How he deceived all of you guys is priceless
kowing this guy scammed people for billions is POETRY to my ears to be honest. LOL how can someone be THAT reetawrded as to give this WEIRDO his savings? LOL
Bloomberg doing the same level of research that sequoia did
So... none.
What a great young man, I wonder what he is up to nowadays
15:00 where is your office located...
Didn't he just say everything is fine?
If a man shows up with a t-shirt and shorts for a tv interview I think its safe to say he is a scammer
J
E
W. Scammer crook
Wronggg
So wealthy that he's now focusing on "Philanthropy" and creating a better world....oh sure why not 💁🏻♂️😂
18:35 I wonder why there is an expressed preference for "non-security option is a nice fit"?? Could that be because if it was as a security then the regulator might find out something bad?
@David Rubenstein you're sure you don't wanna take this down?
Next interview will be from a federal prison
With Dyanne Sawyer
I am sure everyone is now saying...hmmm, the nervous twitch with the knee should have been a clue...
2:40 What Money did you use to do that?... "different versions" Wonder what those versions are...
It's hard to trust a guy handling the company who wears short in an interview.
His own ass would have been on fire, if he did not used money to help those shit companies. Because the whole crypto would have crumbled.
You kinda called it
I used to think the future would sort itself out for me. The job, the money, the family would just fall into place. The truth is that our actions are what get us to where we are. Without deciding to open my first investment account, I probably would have spent that money on BS. Save and invest early, not because your money will accumulate longer, but because it's hard to save when accumulation is easy. This is a behavioral argument, not a mathematical one. I own 3 rental properties, I started my own business and my net worth increased by $830,000 in 4 years
Congratulations. I'm at a huge loss from panic selling then rebuying the presumed dips then again repeating the same procedure am still at a huge loss and just waiting and contemplating. I have to regain my losses so I think I'm wishful thinking
@@AveryFetherolf It's a scary rollercoaster for sure, which is why no one should get on board unless you're prepared to crash and burn - and why having a strategy to take profits when they happen is key
First of all. the most important thing to grow any portfolio is a very good mind psychology. and think like you are giving a premium for a life insurance. and most important get an investment-advisor they have exclusive information and data paths that are not disclosed to the public. Based on a first hand encounter with *Katherine Duffy Burke* , my aggressive portfolio shed nearly $350k in Q3
@@GarrettDills Please can you leave the info of your invstmnt-advisor here? I’m in dire need for one. i have of $93k left of investing cash to place advantageously
@@GarrettDills Please how can i check out your fiduciary counselor? I’m in dire need for one. i have of $193k to place advantageously
This is more like a first date than a media interview.
“I’ve learned in doing my interviews how leaders make it to the top” 😂😂😂😂😂😂😂😂😂😂😂😂😂😂
This interview did not age well 😅
This interview was brought to you by violent shaking and the word yep
If you prick us do we not bleed? If you tickle us do we not laugh? If you poison us do we not die? And if you wrong us shall we not revenge?
06:39 "Custody system"...please tell us more SBF. lol
Awesome interview.
How ironic it is ! FTX is evaporated only two months after, it turns out he was bluffing while he certainly has deep fears uncertain doubt inside at that time.
Well, he did give all of his wealth away. You cant knock that honesty
Dear David , I always enjoy listening your interview via Apple Podcast . However , most recently there are a lot ads in your podcast interview . I get it but the ads is like 5 min long . You can’t even speed it up when you are driving . I have to give up listening your podcast interview because of this .
The Bankman is gonna get fried. He sounds like Elizabeth Holmes. Surprised he is not wearing a dark turtleneck too. Sitting on his hands is a major stress signal.
9:03 "I got more interested in law recently" - SBF few months before being charged with 8 criminal charges 😁
lol lol.
Sam, Thanks for the donations! Love Scranton Joe
I hope this guy keeps up his hard work. I'm going to give him my money.
The body language says everything… the truth
It’s a casino; we all know it
When does prejudice becomes the truth? When do coincidences become a recurring pattern?
Bankman-Fried, 31, was booked into the Metropolitan Detention Center in Brooklyn, records from the Federal Bureau of Prisons show.
No bailout for him 😭🤣🤣🤣🤣🤣🤡🤡🤡
Why not asking if it is fair to have a quant firm trading against FTX clients?
and yet the quant firm still couldn't make money
Hi David,
Great Job!
Shall we expect an interview with Google CEO?
8:44 Jailman has a nice ring to it haha