Value Investor Comments On Silicon Valley Bank And Silvergate
From Crisis Comes Opportunity (For the Patient Investor)From the perspective of the U.S. stock market, 2022 was a miserable year (with the S&P 500 declining 19.4%), but until recently, 2023 was shaping up to be a stronger year. January’s performance was particularly impressive, with the S&P 500 advancing more than 6%. In response, market participants cautiously began holding out hope for a soft landing. Q4 2022 hedge fund letters, conferences and more But then, seemingly out of nowhere (the way most crises seem to start), a cryptocurrency lender named Silvergate Capital Corp failed, followed b...