5min chapter

The Compound and Friends cover image

The Bank Run of 2023

The Compound and Friends

CHAPTER

You Take Asymmetric Downside by Not Taking Action

Samir: The Silicon Valley bank very specifically wanted to deal with this monolithic monoculture. He says it would be rational to place blame on the first people that blew the horn and said, hey, we need to move all the money out for fully companies. But when it was VC number 10, 12, 13, 14, which we have, you're not getting any credit," he says. "The downside is catastrophic. You look like an idiot"

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