Actually I am a bit on the fence with the SVB situation. I think they suffered from bad timing and an excessively cautious strategy. To be fair to them: one wee

Actually I am a bit on the fence with the SVB situation. I think they suffered from bad timing and an excessively cautious strategy. To be fair to them: one week back, given the asset allocation of SVB, how many of us could have predicted a collapse in the next two days? I could not. In fact, I would have said that investing in bonds is better than an equity-heavy allocation for a responsible bank. Hindsight about liquidity issues is fine, but I doubt that it was as clear as it is now made out to be. Time to brush up on my Taleb again, sadly. Second time during my career.