Ep 174: Lessons Learned from the Silicon Valley Bank Collapse
Phil's Tax Hacks
English - March 16, 2023 09:02 - 17 minutes - 24.8 MB - ★★★★★ - 4 ratingsInvesting Business News Business News Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Ep 173: The Incomplete Financial Plan
The Silicon Valley Bank situation has gotten all of the financial headlines over the past week, and rightfully so. The event immediately triggered worries that another 2008 event might happen again, but is that concern justified? In this episode, we’ll explain why this run on SVB happened, what it really means, and what lessons we can learn from this.
Here are some of the things we’ll address in this episode:
The details of what really happened with SVB. (1:16)
What are the ripple effects of this collapse? (4:53)
Some of the key points from this story. (7:15)
How is this different from what happened to banks in 2008? (10:15)
How this reminds us about the importance diversification. (12:00)
Why this shouldn’t affect most Americans unless something drastically changes. (14:36)
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