Michael Lewis' latest book, 'Going Infinite,' on Sam Bankman-Fried and the rise and fall of FTX, is well-timed, unsatisfying and surprisingly confusing.
FTX founder Sam Bankman-Fried leaves Manhattan federal court last February. Michael Lewis chronicles his rise and fall in his new book, “Going Infinite.”
Intended as a rebuttal to his girlfriend’s desire for both a deeper and more public relationship, Bankman-Fried’s memo to Ellison might conceivably have overstated his characterological deficits. Except that the sentiments it expresses are entirely consistent with Lewis’ portrait of the easily distractible, game-obsessed, brilliant, slovenly, cargo-shorts-clad eccentric whose most singular talent was his skill at calculating probabilities in a condition of constantly changing rules.
Bankman-Fried, however notable for his absence of normal human emotions, must have been impressed as well. He allowed Lewis to shadow him for more than a year as his cryptocurrency empire first flourished, then collapsed. Lewis is able to capture vivid scenes of FTX’s abandoned Bahamas headquarters after the flight of its employees — a desolate, Pompeii-like vista of abruptly interrupted lives.
Some of the confusion could have been alleviated by more thoughtful editing. Lewis, for instance, mentions “blockchains” several times before bothering, on page 246, to define the term as “communally maintained records of who owned what and when they’d owned it.”
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