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The subprime mortgage machine roared on. The loans that were being made to actual human beings only grew crappier, but, bizarrely, the price of insuring them--the price of buying credit default swaps--fell.
On our walk I asked him how much it would take for him to sell FTX and go do something other than make money. He thought the question over. “One hundred and fifty billion dollars,” he finally said
When you asked Sam to describe a person’s appearance—even a person he’d slept with—he’d say, “I don’t really know how to answer that. I’m not good at judging how people look.”
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