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Geoff Anderson's avatar

Christ, I now have three train crashes that I am watching. FTX and Crypto, The Twitter saga, and now the failure of SVB (I drive by it all the time).

Gonna need more popcorn

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Andres Kabel's avatar

Great post, Max. Another factor I can see at play is the Greater Fool Theory, which is when investors know they’re taking or sustaining a risk but figure they’ll always be able to get out of a run before the morons at the end of the chain. With SVB, I guess quick online liquidity and ultrafast online news transmission mean that some of the fools never expected to be fools.

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