Making Sense with Sam Harris - #389 — The Politics of Risk

Episode Date: October 25, 2024

Sam Harris speaks with Nate Silver about cultural attitudes toward risk and the state of American politics. They discuss the erosion of trust in liberal institutions, polling and political narratives,... different camps of cultural elites, the influence of Silicon Valley, Peter Thiel, Elon Musk, Sam Bankman-Fried and the fall of FTX, Gell-Mann amnesia, Christopher Rufo, why Kamala Harris can’t admit to having changed her views, a problem with strict utilitarianism, AI and existential risk, what people misunderstand about election forecasting, which news events have affected the 2024 race, how current polls might be misleading, public vs. private polling, undecided and marginal voters, Gen Z, the gender divide, the likelihood that Trump won’t accept the election results if he loses, election integrity in the swing states, the chance of a landslide, the prospect of public unrest, and other topics. If the Making Sense podcast logo in your player is BLACK, you can SUBSCRIBE to gain access to all full-length episodes at samharris.org/subscribe. Learning how to train your mind is the single greatest investment you can make in life. That’s why Sam Harris created the Waking Up app. From rational mindfulness practice to lessons on some of life’s most important topics, join Sam as he demystifies the practice of meditation and explores the theory behind it.

Transcript
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Starting point is 00:00:00 Welcome to the Making Sense Podcast. This is Sam Harris. Just a note to say that if you're hearing this, you're not currently on our subscriber feed, and will only be hearing the first part of this conversation. In order to access full episodes of the Making Sense Podcast, you'll need to subscribe at samharris.org. There you'll also find our scholarship program, where we offer free accounts to anyone who can't afford one. We don't run ads on the
Starting point is 00:00:29 podcast, and therefore it's made possible entirely through the support of our subscribers. So if you enjoy what we're doing here, please consider becoming one. Well, we've got 11 days left until the presidential election, and I must say I am concerned at this point. I know the polls still have it more or less even, but it's not feeling that way somehow. What has worried me about the Harris campaign from the beginning still worries me. For some reason I can't understand, she and her campaign have not found a way for her to explain her changes of position on border security, on crime and policing, on trans activism. And the result is that many people don't know what her views are, or they think they do know, and they suspect that she's some kind of woke Manchurian candidate who
Starting point is 00:01:33 will govern like a far-left activist. Now, I'm not even slightly concerned that that's true, but it really seems that there are millions and millions of people who are worried about this, and she is not saying much to put them at ease. She can't put them at ease unless she articulates how her views have changed. Whenever she's asked about a position she held in 2019 or 2020, she just looks evasive. She looks like she's above all trying to not acknowledge that she changed her mind, and then she seems desperate to change the subject. This has produced a long series of own goals that she seems condemned to score on herself again and again and again. I don't understand it. Needless to say, there's not a lot of time left to make sense on these topics.
Starting point is 00:02:34 And we turn our attention to the election today, because today I'm speaking with Nate Silver. Nate Silver has been a professional poker player for quite some time, but he's famous for being the founder of FiveThirtyEight, which is an election forecasting website. And he's also a New York Times bestselling author. He wrote The Signal and the Noise, and he has a new book titled On the Edge, The Art of Risking Everything.
Starting point is 00:03:01 And he also has a sub stack where he publishes his most current election model, and that is the Silver Bulletin. Anyway, Nate and I cover a lot of ground here. We talk about cultural attitudes toward risk and the state of American politics. We discuss the erosion of trust in liberal institutions, polling and political narratives, two different camps of cultural elites, the influence of Silicon Valley, Peter Thiel, Elon Musk, Sam Bankman Freed and the fall of FTX, Gail Mann amnesia, Christopher Ruffo, why Kamala Harris can't admit to having changed her views, a problem with strict utilitarianism, AI and existential risk. Then we turn fully to the election. We talk about what people misunderstand about election forecasting,
Starting point is 00:03:52 which news events have affected the 2024 race, how the current polls might be misleading, public versus private polling, undecided and marginal voters, Gen Z, the gender divide, the likelihood that Trump won't accept the election results if he loses, election integrity in the swing states, the chance of a landslide, the prospect of public unrest, and other topics. And now I bring you Nate Silver. And now I bring you Nate Silver. I am here with Nate Silver. Nate, thanks for joining me. Sam, excited to be on. Thank you.
Starting point is 00:04:35 So we are two weeks out from the presidential election. I don't have to tell you that. You started the FiveThirtyEight blog, the election forecasting blog. And now you have the Silver Bulletin on Substack, where you have recently published an article titled, 24 Reasons That Trump Could Win. And I want to get into that. I definitely want to talk to you about the election. But first, we should talk about your book, which is fascinating. The book is titled, On the Edge, The Art of Risking Everything. And it's a book about risk and cultural differences in risk tolerance. It looks at those issues through the lens of poker and game theory and venture capital.
Starting point is 00:05:13 You talk about cryptocurrency and effective altruism and AI and other topics that are of interest to me, certainly, and much of my audience. Let's jump into, I guess, some of the background concerns that all of us feel and which you discuss at various points's jump into, I guess, some of the background concerns that all of us feel and which you discuss at various points in the book. We have this sense of a real fragmentation in our culture politically. There's a kind of secular stagnation, the economics of which I guess can be somewhat debated, but you discuss it a little bit. You had this image that struck me as interesting. It actually connects with your experience as a poker player and the time you spent in Vegas,
Starting point is 00:05:51 but you have this image that really kind of stratifies society across variables like wealth inequality and status and opportunity and much of what people care about. And it's the image of people walking into a casino and there are those who get stuck on the slot machines and addicted to the dopamine there, and they're just playing a bad game and gradually, but inevitably losing their money. And then there are the people who walk right past those machines and go to the great restaurants and see a show and maybe even play high stakes poker. And there's just a
Starting point is 00:06:26 very different world within the same world. Before we get into your book, and I want to track through it, how concerned are you about this moment for us in what should be a purely auspicious world of progress and relative wealth. I mean, we just think of all the promise of America, speaking specifically now, but maybe the West generally. Yeah. It seems somehow precarious. What's your view from 30,000 feet? Yeah. I mean, it kind of depends on how far you want to zoom out. If you zoom way out compared to how life was 100 years ago or 500 years ago. Lifespans are greatly increased. Poverty is greatly decreased. We have creature comforts we could never have imagined. If you
Starting point is 00:07:10 look at a closer track, maybe the past 10 or 20 years, it's a bit less clear. In Europe, for example, GDP growth per capita is very slow. In the U.S., life expectancy is barely growing, especially for men. It's about the same as it was 10 years ago, even though we've now mostly recovered from high COVID deaths. You could argue that the pace of technological innovation has slowed. I'm not sure I buy that or not. You can argue that democracy is on the decline. If you look at various democracy indices, then there are more people living under authoritarianism
Starting point is 00:07:41 than there were 10 years ago. So I do think there are a lot of problems, not to mention political instability. Maybe it's a euphemism, right, in the US and other countries. How do you view our loss of trust in liberal institutions and the market economy in some sectors and even democracy? I mean, it seems like everything has been turned upside down. Again, I'm looking at this through an American lens, especially. I mean, it seems like everything has been turned upside down. Again, I'm looking at this through an American lens, especially. I mean, like, you know, we have a Republican party that now can't figure out what stake America has in helping to maintain global order. You know, there's an America First approach to foreign policy that is reminiscent of Charles Lindbergh,
Starting point is 00:08:26 that on the left, obviously, there's profound doubt about the viability of capitalism, and everyone seems to have found reason to distrust our institutions. As we get into the book, we're going to meet various characters who have amplified and capitalized on those sentiments. But how do you view that erosion? I mean, do you think it's a symptom of being too online to see it as being this salient? Or do you think it's as problematic as many think it is? That finding is very robust in the polling, actually. Gallup just came out with data showing decline, yet another decline in trust in the news media, which is now at its lowest levels ever. Basically every institution, except the military, ironically,
Starting point is 00:09:09 but from the church to higher education has seen its ratings decline a great deal. So has big business. So has the tech world, for example. And in the book, I kind of look at it through the lens of the prisoner's dilemma, which is a famous kind of thought experiment in game theory, where basically if these two prisoners are able to cooperate, they wind up collectively better off. And the game theory dictates that unless they can communicate ahead of time and have some reason to trust each other, then they won't cooperate. They'll be selfish and wind up collectively worse off. And so, you know, from an economist perspective, when you have a loss of trust, you have deadweight loss. And you can imagine in neighborhoods where things are frequently stolen that there's a lot of measures taken to prevent crime, burglaries, robberies, etc.
Starting point is 00:09:52 That costs money. I mean, hiring good police officers costs money or putting extra locks in your doors costs money. And I'm not quite sure how to reverse this in part because, you know, I'm someone who I describe myself as a liberal kind of in the way that term is used classically more than meaning of the left. But I sometimes criticize the left too, because, you know, Donald Trump has done many, many things to undermine trust in democracy and the media, you know, January 6th was a horrifying event. And it's amazing that he may be on verge of getting reelected again, despite that, but sometimes the autoimmune response from these institutions is poor. So I mean, it's amazing that he may be on verge of getting reelected again despite that. But sometimes the autoimmune response from these institutions is poor. So I thought, for example, that there was a lot of partisanship that motivated certain
Starting point is 00:10:31 behaviors, certain discussions of certain behaviors around COVID, for example. Or I don't know. You know, I think some of the loss of trust in higher education has been earned. You know, I'm not a big, I'm not super into like discussing affirmative action and things like that, but the way it was being implemented was often very cynical where if you were, you know, if you were an Asian applicant, for example, you were just kind of very obviously penalized in the name of some higher goal. And so, you know, and the media too. I mean, I think, you know, two out of the three stories they cover for Trump are perfectly fair. And probably one of
Starting point is 00:11:04 those three doesn't go far enough, but you know, the amount of column inches devoted and newscast footage to the Russia story, which is not, I could articulate many problems I have with Donald Trump. I think the Russia stuff was not among the foremost five or 10 most important problems. And so look, voters who aren't reading the news every day and listening to podcasts and reading subtext and things like that, they may not quite have all the kind of detailed facts at their disposal the way someone you and I, you know, our job is to consume information. But they have some they have some intuition that like the elites are not working in their best interest, which I think is probably basically correct with many caveats and provisos. Now, I don't think Trump is working in their best interest either necessarily, but I think I'm not surprised that people feel betrayed because when you have a lack of trust, it creates a downward spiral where because you're less trusting, maybe you become more
Starting point is 00:11:59 partisan. You don't trust that, hey, I'm going to just lay out information. You know, the New York Times has been in trouble recently because they say, hey, our job actually is to be a fourth estate, not a partisan institution. And we still believe that if you just do accurate reporting and facts, then that's good for the world. And I think some people don't believe that, right? And in some ways the Times is saying we trust that when there's more information that people will behave more rationally or more generously or more smartly. And maybe that's not true. That's, you know, the notion that we get so much, this cornucopia of free information basically all the time,
Starting point is 00:12:33 a public square like none other on Twitter, and it doesn't seem to have worked as well as the idealists, I guess, including me, might have hoped. Yeah, well, there are a few reasons, I think obvious reasons, why it's working to fracture our view of the world rather than getting everyone to converge on the same set of facts and the same interpretation of the facts. I mean, one is just that the information is now endless and can be endlessly segmented in a bespoke way so that you can, if confirmation bias is your thing and it's almost everyone's thing, there's no end to it, right? You can just silo yourself and discount anything that seems to go against the grain of your cherished opinions. And the level of tribalism that is amplifying this segmentation, to say nothing of the algorithms at the bottom of it that are born of this perverse
Starting point is 00:13:26 business model, which is not selecting for truth or social health, but for just time on device, really at any apparent cost. It's pretty easy to see how we're in a kind of doom loop with respect to our consumption of information online. Yeah. I mean, look, of doom loop with respect to our consumption of information online. Yeah. I mean, look, I see this with respect to political polling because polls, relatively speaking, are simple facts. You know, Trump plus two in Arizona or Harris plus three in Pennsylvania or whatnot. And people's ability to like, A, just confirmation bias and cherry pick the data without even pretending not to. B, with being very uncomfortable with any information that doesn't fit their priors. So if you're a Harris fan, then any poll having Harris behind in any poll in any state you might reasonably hope her to win has to be
Starting point is 00:14:13 disproven. It's kind of a very Victorian attitude. It's dirty, has to be cast out somehow. And of course, Trump people are absolutely no better at this, maybe worse. So that, you know, just being involved in that little thing where the facts are, I mean, we don't know who's going to the election, right? But, you know, a poll is a fact unto itself, even if not an accurate representation of the electorate. The fact that people are so unwilling to just kind of look at a consensus and say, I mean, that's the whole thing my model does, just puts the numbers in an average and calculates the error bands around them,
Starting point is 00:14:45 which are often larger than what the margin of errors in polls is. But we don't have to get into a polling discussion. It's just been kind of very frustrating. And even people will tweet stuff about me that is like literally conspiratorial. You know, I got into like a spat with the actress Bette Midler a few weeks ago because she's like, who got to Nate Silver? Because at that point, our forecast at hair is slightly behind. And so being at the forefront of this, I mean, every year I kind of forget how bad election years are. And then, but now that I'm in the thick of it, I don't know. I always say this is the last one and then don't manage to quit. Well, I want to save our discussion of polling and your model and your gut feelings and all the rest for the second half of this discussion when we've cleared the topic of your book. not as their best effort to accurately depict public sentiment, but as actually just, you know, as efforts to message into the election space and sway voters? I mean, do you think there's,
Starting point is 00:15:53 is there a, do you detect or have you detected in previous elections, dishonest polling? So there's a bit of an asymmetry here, which is that Republicans tend to believe that if you win the narrative and create momentum, then that helps you in real life. So in some sense, which is that Republicans tend to believe that if you win the narrative and create momentum, then that helps you in real life. So in some sense, I think that good polling results report on as good polling results for Trump by the media will translate into more probability of actual success. I'm pretty skeptical of that for various reasons, but there are some GOP aligned polls that are basically designed to influence the narrative. I mean, one polling firm called Rasmussen Reports was actually caught and leaked emails coordinating with
Starting point is 00:16:29 the Trump campaign, and they're supposed to be nonpartisan. So that's quite bad. Now, the models have ways of adjusting for them. Basically, if you label a poll as a partisan poll, then the model makes different assumptions about it. It weights it less and kind of assumes that it's biased and tries to de-bias it. But yeah, I mean, absolutely. I mean, I think there are, you know, some polls that are a lot more worthwhile than others. And do you think this is just confirmation bias, or do you think it's actually a nefarious act of disinformation? I think somewhere in between. I also think sometimes people start out saying, LOL, haha, I'm just going to like troll with people a bit. And then, and then, and then they become true believers, right?
Starting point is 00:17:09 I mean, you've seen this adaptation with Elon Musk, for example, where he kind of flirts with some more conservative right-wing ideas and then gets in all of a sudden after a year, he's like literally jumping up and down on stage with, with Donald Trump and things like that. Look, I think when you're doing a poll, just like building any type of model, it's not as simple as just kind of calling people anymore on the phone and then recording what they say. Most people don't answer polls at all. And so therefore you have to do a lot of waiting, modeling, data massaging to get the poll to be at least somewhat accurate. And anytime you have those decisions and you're inserting a human being in the process
Starting point is 00:17:46 and their political views or their sense of the narrative or the sense of the vibes can influence what they say. Okay, well, we'll come back to polling and the election, but let's talk about your book for a bit here. You have a framing with respect to two cultures that does a lot of work in your book, and you describe one as the river and the other as the village. I know you've spoken about this a lot, but it is very useful to describe these two camps. What is the river and what is the village? Yeah, so the river and the village are rival groups of elites who are competing for cultural
Starting point is 00:18:24 and economic, I suppose, superiority. The village is a term, it's not entirely an original term. Other authors have used similar terms to describe the establishment. So the New York Times and Harvard University are kind of the quintessential institutions of the village. It's on the East Coast. It's politically progressive and really more democratic party than anything else. It's very collectively oriented, not necessarily collectivist, it's probably kind of center left on average, but in the sense that like you're standing within the community matters a lot, and you might be afraid of cancellation or ostracization. And it tends to be risk averse. These are people, for example, that were really, really careful about COVID. And I've even turned
Starting point is 00:19:02 a little bit on free speech because free speech is risky. Free speech can upset people. You can think about Charlie Hebdo or things like that, and free speech can have consequences and they tend to be more risk averse. The river, by contrast, is the world of analytical risk takers. So Silicon Valley, Wall Street, in Las Vegas, both the casinos themselves and some of the gamblers, probably not most. It's very risk-on. It's very analytical. It's very, very, very individualistic and usually capitalistic, very competitive. These are people who are playing to win. And the argument of the book is that the river is becoming the dominant entity in terms of the economy, at least, that finance and tech continue to grow as a share of the economy.
Starting point is 00:19:50 Meanwhile, gambling is not a huge, huge business. It's a medium, big business, but, but more money is being gambled in the United States today than, than ever before, probably in the country's history. Um, and so, you know, I consider myself really kind of, uh, originally from the river in the same sense. Some people might say, Oh, I'm from the South or whatever. It's kind of my cultural orientation. When I meet a poker player, we have the same vocabulary. We almost assuredly can have a good conversation about a few things, whereas I've never quite fit in with the village. I kind of cover politics because actually Congress basically passed a law to essentially outlaw online poker, which was my main source of income in the early 2000s. And that's what got me into politics. And so I take that kind of, I suppose, handicappers,
Starting point is 00:20:29 even gamblers mindset to making forecasts, looking at things probabilistically kind of as a, as a Bayesian rather than as a, a political partisan, which, you know, look, I have preferences. I mean, I've said in other shows, I plan to vote for Kamala Harris, but that's not my goal. I'm not trying to do partisan combat. I'm trying to give people accurate information. analysis, the frame of gambling and poker in particular, that you lay over this conception of risk. I mean, in poker, you're using a strategy that is designed to work out over many, many, many trials, right? And so you're guided by a concept of expected value. And yet many of the people who are in the river, the real risk takers, don't seem to be placing their bets with an especially sound poker mindset. I mean, first of all, there's just not that many trials. I mean, even if you're Elon Musk,
Starting point is 00:21:34 you can only start so many companies, right? And so perhaps one way to track through this is to actually talk about some of the prominent people you profile in the book. And you can tell me what you learned from each of them. Perhaps let's start with Peter Thiel. Looking at this landscape through Peter Thiel's eyes, what did you see? So Peter Thiel is fascinating in that he is kind of actually anti-probabilist. And that makes him unusual in in the river where you know peter had a pretty religious upbringing um there's a good book by max chafkin or chafkin
Starting point is 00:22:11 of bloomberg about him called the contrarian and like he grew up very conservative and i think remains very conservative he sometimes says he's libertarian but but somewhere on the right side of the spectrum i think beneath that libertarian that libertarian, there's a Catholic. I think for sure. Yeah. And the first question I asked him was kind of like a softball question I've used to loosen people up, which is like, okay, if you simulated the world a thousand times, how often do you wind up roughly in a position like you're in now, right?
Starting point is 00:22:38 And most people do the politically correct response like, oh, I know I'm very lucky, maybe once or twice out of a thousand, but I'm very fortunate very fortunate right whereas he like really objected to the question right he's like if the world's deterministic then 100 of the time right if it's probabilistic then it's kind of a poorly formulated question because just the question of how much are you perturbing how many disturbances are you inserting into this hypothetical right and he thought it didn't really make a lot of sense but like but you get the sense that like i mean first of first of all, if you are Peter Thiel or Elon Musk or Sam Altman or one of these people or Sam Beckman Freed, and you become one of the, you know, 10 most influential or wealthy people in the world out of how many people have relived,
Starting point is 00:23:17 I think 50 billion or something. I mean, it's gotta feel, it's gotta feel pretty weird, right? If you wake up and you're Donald Trump, it's got to feel pretty weird, I think. So I think some of these guys actually do have, you know, are spiritually- Solipsistic. Yeah. And so, you know, I mean, there's a simulation argument that I'm sure you're familiar with that some people think, hey, am I, is this just kind of like a simulation design for me or am I like kind of like the chosen one somehow? You know, one of the areas where I agree with the left is that I don't think people realize how much the top of the scale is still growing in wealth and influence, right? That the top 10 people in the world, not always the same top 10, but if you look at the top 10 richest billionaires in the world, those are getting increased by about twice every decade, right?
Starting point is 00:24:04 are getting increased by about twice every decade, right? So if you compound your growth 2x every decade, that really, really compounds. You see the influence on the election this year, where you have like Elon Musk, perhaps illegally offering to just give a million dollars every day to somebody who registers to vote in a particular way or signs a petition, I guess I should say, among registered voters. So I know I do worry a lot about that, but because it used to be that a few years ago, people in Silicon Valley would kind of take pride in being politically aloof, right? Scott Alexander, the wonderful blogger, called it like the gray tribe. And you say, oh, I'm apolitical. What's going on in Washington, D.C. doesn't really concern me.
Starting point is 00:24:40 We're doing interesting things here in Silicon Valley. And so, you know, hopefully won't be overregulated, but apart from that, we're not so concerned about politics. Although they probably, you know, they also mostly just kind of vote Democratic for cultural reasons. And now that's all changed, and I'm not sure that's good for Silicon Valley in the long run or for politics. Yeah, well, it sort of matters which of these figures you're talking about, because I think Peter and Elon and Sam Bankman-Fried and Sam Altman is another one you talk about. These guys are all impressively different in many respects. I only can really, actually I've spoken to all four of them and knew Elon fairly well.
Starting point is 00:25:20 I can't say that I know him, I can't say that I quite recognize him now. And we've had a spectacular falling out. But, you know, I think certainly Peter and Elon are as allergic to the wokeness and the identitarian moral panic that happened on the left. And they're as allergic to that as anybody. So on some level, their economic interests aside, their behavior with respect to Trump is almost perfectly foreseeable as a result of that. I mean, just for Elon, it's the trans issue and immigration. I mean, these are just super stimuli at this point. Whereas someone like Sam Altman and his aspirations to build out AI, I don't know what he said about his political engagement this time around. I don't know who
Starting point is 00:26:12 he's voting for, but he's a different object. Is there more to say about Peter's view of the situation? No, look, these are impressive people. They are people who have accomplished a lot. And Peter in particular is a very intellectual guy who will give you these, you know, half an hour long, very well considered with lots of literary references, kind of answers to what seemed like throwaway interview questions. Look, there's another reading too, which is that it's just in their economic self-interest. If you read some of the background on Elon, he was very annoyed that Joe Biden was dealing Tesla out of some of these early electric vehicle initiatives because they weren't sufficiently unionized, I guess. So he felt snubbed by Biden.
Starting point is 00:26:58 And then, like a lot of people, he has a strong reaction to the wokeness, whatever you want to call it. Then you get those two things, those interests combining. Right. And then all of a sudden it's confirmation by us all the way down where everything else the White House for, you know, American automakers celebrating the success of American ingenuity in the EV market. And, you know, Tesla is the shining example of success on that front. And they weren't invited to the summit. It's not really Elon's financial interests that were besmirched there. It's just that it's just reputationally. I mean, it's just I mean, he took it personally, obviously. And but it's understandable because it's completely outrageous and and idiotic to have held such a summit and not have invited Tesla. No, look, in some ways, if Kamala Harris loses, we'll be looking at a lot of mistakes that were made early on in the Biden-Harris
Starting point is 00:28:05 administration. So particularly with respect to some degree probably of overspending on the economy. I mean, inflation has complex causes. It's not all of it, but maybe it's part of the high inflation we had. Having a lax border policy and then due to pettiness or peak, I guess, not inviting the richest man in the world to your EV summit when that's his kind of main occupation. And then he, you know, turns around and spends $300 million of his own money against your candidate in the campaign. Yeah. And look, there is some bread and butter, you know, Lena Kahn has been more aggressive at the FTC about going after big tech. Taxation is very high in California. They're winning some battles, by the way. The fact that Gavin Newsom vetoed the California bill on AI regulation that many people in the river even thought was a very reasonable regulatory effort. Even Elon did. Even Elon did. He's been consistent about that, about
Starting point is 00:28:56 genuinely being concerned about AI risk. The fact that bill was vetoed because of now people fear the power of the tech space as a political entity. Even the crypto people have spent a lot of money on this particular election campaign. And so it's starting to have an influence very quickly. Well, let's jump over Elon. I spent a fair amount of time bashing him and it always makes me uncomfortable because he used to be a friend, but he's just unavoidable at this point. You spent a fair amount of time with Sam Bankman Freed. I only spoke to him once on this podcast before things completely unraveled for him and really just focused on effective altruism.
Starting point is 00:29:37 What did you learn from his case study, his curious case study? There are so many intersecting issues with him that are surprising. You started speaking to him before there was any obvious sign of a problem, right? Well, I was going to say just the opposite thing, actually. I think what's kind of remarkable about Sam, Sam S., Sam McMinfree, not Sam Altman, is that he was saying all these crazy things and no one was really flagging it and being sufficiently worried about it. But I mean, in terms of the timeline where you had your first conversation with him, was there any common knowledge that the wheels were going to come off
Starting point is 00:30:16 at FTX? No. In fact, so this was in January or February 2022. So this is close to when Bitcoin is at, I guess, its first all-time high since surpassed it. And he's kind of like, you know, Nate, you know, there are two basic scenarios, one where Bitcoin continues to go up and then one where it just stays at 50K per coin, right? And I'm like, well, I can think of a third scenario, Sam, like what if it goes down? And he seemed to have not really processed this very much. Yeah, the irony is like, And he seemed to have not really processed this very much. Yeah, the irony is like he is not known as a terribly good assessor of risk, right?
Starting point is 00:30:55 What I heard from people that had worked with him is that like he's good at his initial instincts are pretty good and he's fast. He's fast at calculating speed. But he's not a particularly deep thinker, I don't think. I mean, I think it was him who said, oh, no one really ever needs to read. No one ever needs to read a book. just read articles and blog posts and tweets and things like that. And- Honestly, that's one thing you run into with a lot of these guys. You, I mean, speaking about many of the people who are prominent in Silicon Valley, I mean, everyone is bearing the scars of being an autodidact on almost every topic that they've touched, right? I mean, these are not people who came out of the center of the village for the most part and
Starting point is 00:31:31 have kind of institutionally acquired a lot of knowledge. A lot of people got CS degrees or dropped out of college and read Ayn Rand and a lot of science fiction and then just took everything else on the menu of human understanding a la carte. And you get these strange weightings of influence, right? Somebody will recommend a book, it completely changed their worldview. And it's this some really peripheral tract. And then you've got all of these neo-reactionary quasi-lunatics who are very influential, but underneath the hood here were people who I've never spoken to on the podcast, but people like Curtis Yarvin. And it's a mess, and it's an anti-institutional mess and a contrarian mess. And then you dump hundreds of billions of dollars into this clockwork and you get a lot of weird convictions that have a lot of energy behind them.
Starting point is 00:32:32 Yeah. Look, you can go case by case. I mean, I think there are some people in Silicon Valley. So, you know, Patrick Collison, the founder of Stripe, is a guy who is quite well-read and I think quite well-rounded, right? He strikes me as a very balanced thinker. Yeah, but less fun for the book. I had a great conversation with him, but he's not saying these provocative things that make for good soundbites necessarily. So there's a little bit of selection bias there
Starting point is 00:32:57 and who kind of gets written up more or less. But for sure, you know, I think they feel like, hey, no one really has credibility or trust anymore. So therefore, I can just kind of like make it up as I go. Right. And look, you and I have both probably had issues where we have different from the mainstream. If you'd like to continue listening to this conversation, you'll need to subscribe at SamHarris.org. Once you do, you'll get access to all full length episodes of the Making Sense podcast. The podcast is available to everyone through our scholarship program. Thank you. now at SamHarris.org.

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