This is a big one. It's not just any bank, right? Right. Because of everything Danielle's saying, it's a bank that on hindsight is probably seriously guilty of hubris. That is the people who run this bank didn't know what they didn't know and also believed that they knew things that simply weren't true. And as a result, for such a high-tech, you know, futuristic area, these guys made the lowest tech dumb move. You just don't just go out and fail.
The recent collapse of Silicon Valley Bank exposed some major cracks in the way that banks have been doing business, and the upheaval is sending shockwaves far beyond the tech sector.
Unwise decisions from leadership compounded by market uncertainty and rising interest rates is certainly a recipe for disaster. How can we analyze these and other warning signs, like an over-reliance on a volatile tech sector, to anticipate and avoid future losses?
Join Phil and Danielle for a postmortem of SVB and a discussion of how its failure could impact value investors.
If you need help identifying warning signs of impending crashes, download your free copy of Your Ultimate Stock Market Crash Survival Guide: https://bit.ly/3YLope0
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