Good CEOs Should NOT be Visionaries. | How Money Works

About this episode

The episode discusses why good CEOs should not be visionaries, using the FTX bankruptcy and Sam Bankman-Fried as a cautionary tale.

Good CEOs Should NOT be Visionaries.Thank you Helix for sponsoring! Visit https://helixsleep.com/howmoneyworks to get up to $200 off your Helix mattress, plus two free pillows #helixsleepSign up for my newsletter https://compoundeddaily.com 👈 -------The FTX Bankruptcy has shed light on a lot of bad business and investing practices both within the company and outside of it.One of the biggest issues that now seems funny in hindsight was the undue attention placed on the businesses founder and CEO, Sam Bankman-Fried or SBF as he is better known amongst recently bankrupted crypto bros.In the lead up to its eventual collapse, SBF arguably got more attention than the multi billion-dollar organisation he ran. Unsophisticated financial commentators all the way up to the worlds largest venture capital firms were captivated by the fact that he wore the same sneakers as their grandparents and drove a Toyota corolla.As the FTX story unfolds allegations are now coming to light that this geeky persona was little more than a carefully curated image and that Bankman-Fried would go so far as to intentionally act erratic with outside investors because it furthered his image as some kind of…

People in this episode

Host: How Money Works

Topics covered

• CEO qualities
• business practices
• visionary leadership
• FTX bankruptcy
• investing mistakes

Keywords

• CEO
• visionary
• FTX
• business practices
• investing
• leadership
• Sam Bankman-Fried

Sponsors

Helix

Mentioned in this episode

Organizations: FTX

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