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Comment by efficax | Hacker News Reader

i know it's been said before but why did anyone ever think this guy was responsible enough to handle all that fucking "money"

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He stood on stage with all the right people said all the right shibboleths!

and critically had the right background.

should have been a politician!

Well-spoken and connected dude with MIT and Jane Street on his resume

Except there are thousands (at least) of people in that set.

You're not doing his cult of personality operation justice.

Cult of personality and appetite for risk, legal or not

Talking to Jim Cramer on CNBC with 8 computer monitors behind him. Super articulate kid who got in with the right crowd.

A high charisma stat can get you far until someone calls your bluff and you actually have to fight and know stuff.

But he knows his stuff, he's unethical and deliberately negligent, not incompetent.

Then why’s he behaving with such incompetence throughout this entire prosecution?

Same reason he sucks at League, he isn't good at everything.

He's technically competent. But he also seems to think the entire world works like computers do.

Appropriate, given the recent release of Baldurs Gate 3! Bravo for the comment.

> Talking to Jim Cramer

Talking to TV-personality and confidence man who made up his successful trading record should not result more credibility, but less.

The rise of Jim Cramer absolutely baffles me. His RoR is freakishly low - I have a savings account (with government backed deposit insurance) that performs roughly as well as his choices. The rational play is to ignore him. But for some reason, dude has become something of a shitty king maker.

I’m trying to make a joke about putting cats like SBF on the throne in an outhouse but can’t pull anything together.

There’s a fund that does the exact opposite of what he shills and it does pretty well iirc.

Inverse Cramer

https://www.marketwatch.com/investing/fund/sjim

For the same reason morally bankrupt people are elected in politics, or in any leadership role. Connections, charisma, money, power, lies, and the willingness of people to believe and follow them blindly, or the desire to join them on the ride.

I figure the people giving him their money were just betting they were in at the relative top of the Ponzi. Everyone knows these are scams, they're just hoping to hit the jackpot and drop the bag on some other sucker before it all falls apart.

well-connected and lack of ethics allowed him to build up a reputation and take risks that others wouldn't. He basically a mix of Madoff and Elizabeth Holmes, everybody loves hyping up a young prodigy type

Mix in right place, right time plus a bunch of amphetamines and you have your answer.

The same puzzle-crunching brain looked good on the way up. It's like The Luck of Barry Lyndon.

I remember seeing an interview and I thought how creepy he came across.

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