Sam Bankman-Fried - Creating a Perfect Market - [Invest Like the Best, EP. 247]

<p><span style="font-weight: 400;">My guest today is</span> <a href="https://twitter.com/SBF_FTX"><span style= "font-weight: 400;">Sam Bankman-Fried</span></a><span style= "font-weight: 400;">, founder and CEO of leading cryptocurrency exchange, FTX. In a little over two years, FTX has registered 1.2 million users, grown to facilitate $10.9 billion of daily trading volume, and reached an $18 billion valuation. Prior to FTX, Sam worked at Jane Street Capital before founding a quant trading firm of his own, Alameda Research. At just 29, Sam has packed a lot into a short period of time, and as I’m sure you’ll hear, he has a special ability to harness uncertainty and think deeply across a range of topics.</span></p> <p> </p> <p><span style="font-weight: 400;">In our discussion, we cover the building blocks of a perfect market, the key areas of inefficiency in today’s exchanges, and Sam’s north stars of product design and effective altruism. We also talk about fairness in crypto markets, how FTX thinks about user acquisition, and derivatives as key enablers of properly functioning markets.</span></p> <p> </p> <p><span style="font-weight: 400;">Please enjoy my great conversation with Sam Bankman-Fried.</span></p> <p> </p> <p><span style="font-weight: 400;">For the full show notes, transcript, and links to the best content to learn more, check out the episode page</span> <a href= "https://www.joincolossus.com/episodes/48641353/bankman-fried-creating-a-perfect-market"> <span style="font-weight: 400;">here</span></a><span style= "font-weight: 400;">.</span></p> <p> </p> <p><strong>------</strong></p> <p> </p> <p><strong>This episode is brought to you by</strong> <a href= "https://www.tegus.co/patrick"><strong>Tegus</strong></a><strong>. Tegus has built the most extensive primary information platform available for investors.</strong></p> <p> </p> <p><strong>With Tegus, you can learn everything you’d want to know about a company in an on-demand digital platform. Investors share their expert calls, allowing others to instant