Friday's Fast Five: Week of 12.2
How Sam Bankman-Fried’s Crypto Empire Collapsed (The New York Times): Mr. Bankman-Fried said in an interview that he had expanded too fast and failed to see warning signs. But he shared few details about his handling of FTX customers’ funds.
A rare interview with Tesla's Chief Designer (CNBC): Franz von Holzhausen has been Tesla’s chief designer since 2008. CNBC got a rare interview with him at the Petersen Automotive Museum in Los Angeles, which recently opened a new Tesla exhibit.
Michael Lewis Already Selling Movie Rights for Book on FTX's $32 Billion Meltdown (Gizmodo): Michael Lewis, author of Moneyball and The Big Short, has been following FTX founder Sam Bankman-Fried for the past six months to write his next book. And while the potential ending of Lewis’s book has obviously changed in the past week since FTX’s $32 billion implosion, Lewis is already shopping around the movie rights
Why America Doesn’t Have Enough EV Charging Stations (The Wall Street Journal): Gas stations spar with utility companies, rural areas predict years of losses on chargers, spotty equipment threatens reliability: The U.S. EV charging network is a mess.
All of the World’s Money and Markets in One Visualization (2022) (Visual Capitalist): With capital at near-zero costs over this stretch, investors started to place more value on cash flows in the distant future. Assets inflated and balance sheets expanded, and money inevitably chased more speculative assets like NFTs, crypto, or unproven venture-backed startups. But the free money party has since ended, after persistent inflation prompted the sudden reversal of many of these policies. And as Warren Buffett says, it’s only when the tide goes out do you get to see “who’s been swimming naked.”