(Silicon Valley) Banks, Berkshire, and the Right Way to Do Leverage
Over the past month, the collapse of Silicon Valley Bank (SVB), Signature Bank, Silvergate, and Credit Suisse have shaken the foundations of the global financial system.
Despite significant changes in the regulatory landscape since 2008 and the many talking heads that have promised that financial crises are a thing of the past, the sudden collapse of several major institutions over a few short days certainly makes a loud statement.… Read the rest “(Silicon Valley) Banks, Berkshire, and the Right Way to Do Leverage”