You can’t just make up a series of facts and then claim that you’ve shown something not made up
I wasn’t positive what I’d think of Going Infinite going in—Lewis is obviously a great writer, but I’ve disliked more of his books than I’ve liked. I ended up reading it twice. It was interesting and somewhat fresh.
I think this review takes the approach that could be seen coming from Lewis’s surprising take on SBF—to act like Lewis was even more sympathetic than he was. Though the big stuff is a fair criticism (Lewis thinks SBF is more dumb than conniving), a lot of the reporting on SBF’s perspective doesn’t seem fair to take as an endorsement of the perspective, and I think that Lewis’s take, even when likely wrong, is often way more interesting than pointing out that SBF is indeed a thoughtless asshole, etc.
That is not what profits mean. Your expenses count. Your payroll counts. This is absurd.
This seems like a normal use of profits for trading profits. It’s, as you point out, not the firm’s profit.