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On November 7, 2022 Sam Bankman-Fried woke up with $16 billion. On November 8, his net worth plummeted to less than $1 billion according to the Bloomberg Billionaires Index. Its one of the greatest single-day financial losses ever. Bankman-Fried was the co-founder and CEO of the cryptocurrency exchange FTX. Whats the extra factor X of Sam Bankman-Fried? Quantum mechanics! Its an interesting question and I think the most interesting about it is there isnt an obvious answer. Those words ring true now more than ever. FTX was worth $32 billion but has now filed for bankruptcy on November 11. He summed up the mess in a series of tweets, including this: Im sorry I f*ed up, and should have done better. Ironically, he recently criticized Mark Zuckerberg for bleeding money on the metaverse, leading to mass layoffs at Meta, which I did a video on. His fortunes have now taken a similar turn. Or perhaps, his misfortunes are more like the fictional Rus
