Having a really difficult time getting my head around how stupid these bankers, regulators and accountants can be. Understanding duration risk. Quite a bit of moral hazard around this bailout. Lies, half-truths, misdirection, crony capitalism and Silicon Valley Bank.
The narrative being pushed by Washington and the media is a complete lie. This is a bailout for Silicon Valley, Venture Capital firms, irresponsible start ups and most importantly…Democratic donors. How to catch a falling knife? The perils of trying to get in at the bottom and out at the top. There is still a ton of risk in the regional banking sector. My Amazon tale. The death of startups??The whining and moaning from the “startup ecosystem” is annoying, pathetic and sad. Credit Suisse and contagion. How we navigate financial storms and corrections. What the three little pigs can teach us about portfolio management.