The Fyre Festival Fiasco

Psychologist Maria Konnikova claims that con artists have existed for as long as human communities have. Con artists are people with an uncanny ability to gain someone’s trust, swindle them, and disappear before the victim even grasps what’s happened—a ruse known as a confidence game, or “con.”

In The Confidence Game, Konnikova uses social psychology to reveal the inner workings of cons: What makes a good con artist, and what makes a person an easy target, or “mark”? Through her analysis of common human biases, Konnikova demonstrates that a con artist doesn’t just rely on their own wiles—they rely on our instinctive confidence in the stories we tell ourselves. Konnikova suggests that by understanding these manipulation tactics, we might learn to identify and extract ourselves from cons. In this guide, we’ll also include actionable advice for avoiding cons and explore how the manipulation tactics apply in more recent examples.

In just a few years, Sam Bankman-Fried went from being a relative nobody to the architect of a cryptocurrency empire whose net worth neared $30 billion. But, even quicker than his empire burst onto the scene, it crumbled in November 2022 with the news that his cryptocurrency exchange, FTX, had lost nearly $10 billion of its clients’ money. In Going Infinite (2023), financial journalist Michael Lewis provides a rare glimpse into the inner workings of Bankman-Fried’s meteoric rise and fall. And although Bankman-Fried has been convicted of seven counts of fraud and conspiracy, Lewis suggests that the case against Bankman-Fried is less damning than outsiders believe.

In this guide, we’ll break down Going Infinite into three main parts, first examining Lewis’s portrayal of the enigmatic Bankman-Fried himself before proceeding to the rise and precipitous collapse of his cryptocurrency empire. We’ll also discuss alternative accounts of Bankman-Fried’s actions at FTX and dive deeper into the nature of cryptocurrency that lay at the heart of FTX.

Hailed as this one of this generation’s most innovative entrepreneurs, Elon Musk has built several industry-disrupting businesses, and he’s known for shooting for the moon—or more literally, Mars. Technology journalist Ashlee Vance spent almost 50 hours interviewing Musk and talked to around 300 people close to him to produce this biography, which presents new insights into Musk’s life and businesses.

In this guide, we’ll discuss Musk’s childhood and early companies. Then we’ll talk about his roles in SpaceX and Tesla, and later, in SolarCity. Finally, we’ll discuss the traits and management methods that helped Musk succeed throughout his entrepreneurial career. Along the way, we’ll provide updated information about Musk and his companies, as well as perspectives from other experts on business success and key management strategies.

Psychologist Maria Konnikova claims that con artists have existed for as long as human communities have. Con artists are people with an uncanny ability to gain someone’s trust, swindle them, and disappear before the victim even grasps what’s happened—a ruse known as a confidence game, or “con.”

In The Confidence Game, Konnikova uses social psychology to reveal the inner workings of cons: What makes a good con artist, and what makes a person an easy target, or “mark”? Through her analysis of common human biases, Konnikova demonstrates that a con artist doesn’t just rely on their own wiles—they rely on our instinctive confidence in the stories we tell ourselves. Konnikova suggests that by understanding these manipulation tactics, we might learn to identify and extract ourselves from cons. In this guide, we’ll also include actionable advice for avoiding cons and explore how the manipulation tactics apply in more recent examples.

Psychologist Maria Konnikova claims that con artists have existed for as long as human communities have. Con artists are people with an uncanny ability to gain someone’s trust, swindle them, and disappear before the victim even grasps what’s happened—a ruse known as a confidence game, or “con.”

In The Confidence Game, Konnikova uses social psychology to reveal the inner workings of cons: What makes a good con artist, and what makes a person an easy target, or “mark”? Through her analysis of common human biases, Konnikova demonstrates that a con artist doesn’t just rely on their own wiles—they rely on our instinctive confidence in the stories we tell ourselves. Konnikova suggests that by understanding these manipulation tactics, we might learn to identify and extract ourselves from cons. In this guide, we’ll also include actionable advice for avoiding cons and explore how the manipulation tactics apply in more recent examples.

The recent conviction of Sam Bankman-Fried, founder of crypto exchange FTX, highlights regulatory gaps that have long enabled risky practices in the crypto industry. Comprehensive cryptocurrency regulation may have to wait as Congressional efforts on this front have flagged. Experts say the crypto industry must oust bad actors in the meantime to restore trust.

In just a few years, Sam Bankman-Fried went from being a relative nobody to the architect of a cryptocurrency empire whose net worth neared $30 billion. But, even quicker than his empire burst onto the scene, it crumbled in November 2022 with the news that his cryptocurrency exchange, FTX, had lost nearly $10 billion of its clients’ money. In Going Infinite (2023), financial journalist Michael Lewis provides a rare glimpse into the inner workings of Bankman-Fried’s meteoric rise and fall. And although Bankman-Fried has been convicted of seven counts of fraud and conspiracy, Lewis suggests that the case against Bankman-Fried is less damning than outsiders believe.

In this guide, we’ll break down Going Infinite into three main parts, first examining Lewis’s portrayal of the enigmatic Bankman-Fried himself before proceeding to the rise and precipitous collapse of his cryptocurrency empire. We’ll also discuss alternative accounts of Bankman-Fried’s actions at FTX and dive deeper into the nature of cryptocurrency that lay at the heart of FTX.