The Crazy Ones: In Defense of Risk-Takers

<p>Masayoshi San, Cathy Woods, Elon Musk, and Sam Bankman-Fried have all been in the spotlight I want to take a step back, and a deep breath and ask. Would we be better without risk-takers? Even risk-takers that take too much risk and lose? Content from @elonmusk, @CathyDWood, @GSands, @masason, @SBF_FTX, @HarryStebbings, @mwseibel</p> <p><br></p> <h1><strong>Contents</strong></h1> <p><a href="https://thatwastheweek.substack.com/i/85273987/editorial-in-defense-of-risk-takers"><strong>Editorial</strong></a></p> <ul> <li>In Defense of Risk-Takers</li> </ul> <p><a href="https://thatwastheweek.substack.com/i/85273987/the-crazy-ones"><strong>The Crazy Ones</strong></a></p> <ul> <li>Masayoshi Son owes $4.7bn to SoftBank following tech rout</li> <li>20VC: ARK Invest’s Cathie Wood - Harry Stebbings</li> <li>Musk Warns Twitter May Lose Billions Next Year</li> <li>Elon Musk gives Twitter staff deadline to commit to being ‘hardcore’</li> <li>Twitter Employees Have Reportedly Had Their Building Access Suspended and Musk is Being Suspiciously Quiet</li> <li>Costanoa’s First 10 Years: What a Long (and Short) Strange Trip It’s Been</li> </ul> <p><a href="https://thatwastheweek.substack.com/i/85273987/essays-of-the-week"><strong>Essays of the Week</strong></a></p> <ul> <li>What to Watch in AI</li> <li>In My Newsletter I Trust</li> <li>Binance role in FTX collapse under congressional scrutiny</li> <li>Binance’s CZ is considering purchasing Genesis’ loan book</li> <li>Crypto Lending Seizes Up as FTX Contagion Spreads</li> <li>Narratives – Stratechery by Ben Thompson</li> </ul> <p><a href="https://thatwastheweek.substack.com/i/85273987/news-of-the-week"><strong>News of the Week</strong></a></p> <ul> <li>Endowments quickly slide from record-breaking returns to losses</li> <li>Want to Invest Like a VC? These New Indexes Can Help You Do It</li> <li>Meet The Companies That Joined The Emerging Unicorn Board In October 2022</li> <li>Sam Bankman-Fried Tries to Explain Himself</li> </ul> <p><a href="https://