On: Ask HN: How is the SVB situation affecting your st...

[dahdum]

Their success is due to their tight focus though isn’t it? They’ve been around for 40 years and deeply entrenched in the VC ecosystem.

I am very curious whether their poor risk management is new, or if they’ve been playing fast and loose for much longer and only blowing up now.

[blitzar → dahdum]

Since 1980 interest rates have only really ever gone down. Buying long dated bonds at X% and having to sell them a year later at X-1% actually makes you a capital gain.

Old habits die hard.