Silicon Valley Financial institution (SVB) could also be an excessive instance, but it surely gave us a preview at a 100x magnification of what many banks are going through at this time. SVB can also be a tragic demonstration of how unstable deposits are. SVB was awash with deposits from its prospects, primarily startups, elevating cash within the enterprise capital increase.
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WHO AM I: Vitaliy Katsenelson was born in Murmansk, Russia, and immigrated to the US along with his household in 1991. After becoming a member of Denver-based worth funding agency IMA in 1997, Vitaliy turned Chief Funding Officer in 2007 and CEO in 2012. Vitaliy has written two books on investing and is an award-winning author. Recognized for his unusual widespread sense, Forbes Journal referred to as him “The New Benjamin Graham.” He’s written for publications together with Monetary Instances, Barron’s, Institutional Investor, and International Coverage. Vitaliy lives in Denver along with his spouse and three children, the place he likes to learn, take heed to classical music, play chess, and write about life, investing, and music. Soul within the Recreation is his third guide and first non-investing guide.
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