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Replying to Avatar Susiebdds

Just now talking to a friend about the concerning situation with SVB, regional banks and Credit Suisse…

Him: “Oh don’t worry about it, things will be fine. This sort of thing happens every few years.”

This is a very accomplished, self-made man who built an extremely successful insurance business from the ground up!

I guess the building being on fire isn’t enough for most people to see it. They are going to need it to burn to the ground to start feeling concerned 😓

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ContrarianAgrarian 2y ago

If a system requires emergency action to prevent a catastrophic failure every few years, it might be a good idea to consider the quality of the system.

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