What Happened To Silicon Valley Bank?

Failure of Regulations or Regulator? By Matthew Parker  Many words have already been written about the failure of Silicon Valley Bank (“SVB”): the causes, the implications, whether there should be a Government bailout, should Glass Steagall be reintroduced - even should the FDIC deposit insurance be increased from $250k to $20m! To add...

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Adjusting Enterprise Value for Cash, Cash Equivalents, and Venereal Disease

Charlie Munger, Buffett’s long-time partner, and chairman of Daily Journal Corporation (DJCO) was answering shareholder questions today when the subject of crypto came up. On being asked whether he was wrong about buying crypto, Charlie said, “I’m proud that I never invested in Crypto. It’s like venereal disease”. That’s nice Charlie. That’s...

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