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Silicon Valley Bank: What Happened and Why
Founder's Journal
The Importance of Long-Date Money in Finance
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The cost of money has gone above that. It's gone to like four percent. And so in finance, like if the interest rate goes up, the value goes down. So technically, what happens is all of those, the things that they bought were worth far less. They just went down in value. Now they could have just held them to maturity. But the other issue that starts to occur when you have that much in long dated stuff is you're kind of, you're in a rock in a hard place. Think of it as like owning your home for 30 years. You can either sell your home and get the money today, but you're going to sell your house at a
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