Past experience, to the extent that it is part of memory at all, is dismissed as the primitive refuge of those who do not have the insight to appreciate the incredible wonders of the present. - John Kenneth Galbraith Much ink has been spilled on what happened with Silicon Valley Bank and why it failed. Having only witnessed GFC in 2008 from the sidelines as a freshman in college, seeing the crisis unfold now from within the industry and the reverberations felt given the second biggest bank failure in U.S on March 10th was interesting to say the least.
Closing the Silicon Valley Bank chapter - Deciphering the rise and fall of the storied firm and what comes next?
A very informative piece on the entire SVB fiasco! Looking forward to more such articles in the future.