Stop calling SBF a good investor.

A critique of the narrative that Sam Bankman-Fried (SBF) was a skilled investor. Despite his investments in Anthropic, Cursor, and Robinhood now being worth tens of billions, the argument is that these returns are not evidence of investing genius — they were made with $8 billion in stolen customer funds funneled from FTX to Alameda Research. The post argues that anyone throwing 500 bets with stolen money at the start of an AI boom would likely see similar returns, and that SBF should be remembered as a fraudster, not an investing savant.