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Understood
Author: CBC
Subscribed: 2,422Played: 17,239Description
Know more, now. Understood is an anthology podcast that takes you out of the daily news cycle and inside the events, people, and cultural moments you want to know more about. Over a handful of episodes, each season unfolds as a story, hosted by a well-connected reporter, and rooted in journalism you can trust. Driven by insight and fueled by curiosity…The stories of our time: Understood.
Season 1 - The Naked Emperor: the rise and fall of bitcoin king Sam Bankman-Fried.
Season 2 - The Pornhub Empire: the story of how a Montreal-founded company came to dominate the adult industry.
Season 3 - Modi’s India: how one man rose from poverty to the peak of political power.
Season 4 - Céline: the surprising cultural, political and business alchemy that created a superstar. Coming October 2024.
Excellent so far, hope there's more episodes.
I really liked the podcast. being a 40-something, I remember the 2008 crisis cited in episode 4... Well, the author is true: the names have changed, but the whole pictures is the same. I know the why ( the infamous FOMO effect), but I do not really understand the HOW. how is it possible for professional investors, institutions, public figures to be repeatedly cought in such delusions, leading normal people to ruin because they followed those unaware windbags? 😐 Good job to Silverman and its crew🙂
My god, O'Leary is just a shameless liar whose wealth is built on bullshit and opportunistic depravity. He tries to cover it up with technical-sounding gibberish and malapropisms--e.g., "invest" when he means "gamble" and "asset class" when he means "casino". However, the real blame rests with a society that not only fails to hold such charlatans to account, but also actually WORSHIPS them while systematically producing more idiots for them to exploit.
@10:52: There's the sleight of hand. Crypto is marketed as a currency, but when things go awry, its defenders talk about it as a speculative asset. The follow-up questions to that duplicity should be: (1) If it's just a speculative asset, why did you endorse it as a currency, which indicates it's a HEDGE against volatility in equity markets? (2) If it's a speculative equity asset, equity in what? Cryptocurrency is distinct from holding equity either in the mint or the market for that crypto. So equity in what? If it's just a product, then there should be a value in use, but there isn't. So it's clearly just an arbitrary, useless, imaginary collectible! How could he POSSIBLY claim there's such a thing as due diligence on what are essentially commoditized NFTs?!?! This guy is a charlatan who preys on imbeciles, and there are LOADS of those. The guest who lost money claimed that he trusted "all the experts" and that "all the experts" praised FTX. Bullshit. He listened to cele
Caroline Ellison sounds like a giggling twit. These montebanks duped people because many people are stupid; they *crave* get-rich-quick gimmicks. From its inception, crypto has been BS, and its advocates have been both unable and unwilling to explain what it is (e.g., a store of value, a basis of exchange, an arbitrary useless collectible) and how it works (e.g., monetary policy, deposit insurance, regulation, checks against conflicts of interest). Moreover, the flippant claims about the intended use (e.g., a store of value) were undercut by the hype as a speculative asset (a useless collectible) and the fact that crypto markets largely track equity markets rather than hedge them. It's always been obvious BS--a speculative bubble for an imaginary asset. People who think tech jargon is pixie dust or who chase get-rich-quick schemes are their own worst enemies. There's a lot of reasonable finger-pointing at FTX--the supply side--but we should be more worried about the droves of tenac
Even at 1.25x playback, the host sounds slow and sedated.