xnormajeanx

Not OP but it’s both. Their investments would have been fine — they could have just held them to maturity— if they also didn’t have the issue where their customers were withdrawing money. Startups have been having a hard time raising funding, so they are drawing down their bank accounts and not getting big new infusions of cash. In order to meet the needs of these withdrawals, SVB was forced to sell their assets at a loss. News of that sale is what ignited everything. If depositors had stayed put, they also would have been fine. But everyone panicked and here we are.

What kind of comment counts as spam?

Nah I was just trying to generate more comments

Management consulting and investment banking compensation is pretty transparent. Look for BCG consultant salary + bonus on Glassdoor for example. There is no way he makes anywhere near the salary of a first year post-MBA consultant or banker working in the career office, but he wrote and is promoting a book.