Mass delusion is defined by my Google machine as a condition affecting a group of persons, characterized by excitement or anxiety, irrational behavior or beliefs. The FTX – Sam Bankman Fried episode, and most of the crypto world, for me anyway, is a classic case of mass delusion, one that seems to be ending as they all do, terribly. It reminds me of an incident that I witnessed back in 2007. Allow me to share.
Kind of amazing that people think the clowns in finance are geniuses.
They mostly remind me of the guy in Office Space trying to explain that his job is so much more than carrying the fax from the machine to another part of the building.
Ask them what useful purpose they serve, and enjoy the implosion.
one time we had a young summer intern sitting in between me and this guy Bob....she has her pad out ready to take notes. I get a call from a client....she gets to listen in....the guy is essentially giving me a lunch order to send over. Bob looks at the intern...."You probably thought we sat here figuring important shit out didn't ya?"
Kind of amazing that people think the clowns in finance are geniuses.
They mostly remind me of the guy in Office Space trying to explain that his job is so much more than carrying the fax from the machine to another part of the building.
Ask them what useful purpose they serve, and enjoy the implosion.
one time we had a young summer intern sitting in between me and this guy Bob....she has her pad out ready to take notes. I get a call from a client....she gets to listen in....the guy is essentially giving me a lunch order to send over. Bob looks at the intern...."You probably thought we sat here figuring important shit out didn't ya?"