Top all-time · #4378
Marc Rubinstein
Personal blog · netinterest.cobusinesseconomicsstartups
Marc Rubinstein writes Net Interest, a personal blog at netinterest.co about business, economics and startups. Since 2021, 17 different Hacker News readers have linked it 21 times, most often “The Demise of Silicon Valley Bank”. It is still writing: the last post was on 2026-10-30, and you can follow it by feed.
Too few sampled comments (8) to say how often HN recommends it.?
Why HN links it
Readers link Marc Rubinstein's Net Interest newsletter for explanations of finance history, banking and payments, including analysis of the 2023 Silicon Valley Bank collapse.
Summarised by Claude from a sample of 8 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Financial sector insights from a former hedge fund manager with 25+ years experience analysing and investing in the industry.
Most-linked posts?
- The Demise of Silicon Valley Bank7 people · 7 mentions · first linked 2023-03-10
What Hacker News says?
Marc Rubinstein also has great educational articles on history and inner workings of the finance industry: https://www.netinterest.co/
Comment linking /
on “Why so few Matt Levines?”Submitted Banks in Disguise as a story · 3 points
HN discussionSure, fixed term for a short period is normal everywhere. But a fixed term for the entire length of the mortgage, whereby mortgage terms are commonly 30 years long, are only seen in the US and Denmark. Here's some more detail on this: https://www.netinterest.co/p/financing-the-american-home
Comment linking /p/financing-the-american-home
on “IMF working paper suggests using browsing history in credit score calculations”Submitted The Demise of Silicon Valley Bank as a story · 2 points
HN discussionAlso, Marc Rubinstein covered Pix in his newsletter some time ago https://www.netinterest.co/p/paying-faster-99d .
Comment linking /p/paying-faster-99d
on “Ask HN: Is there hope for micropayments?”Submitted Dotcom 2.0 as a story · 2 points
HN discussionGood point, and obviously not a great time for SVB equity holders or EVE sensitivity regulation, but looking through their 10Ks or Marc Rubenstein’s great math yesterday at https://www.netinterest.co/p/the-demise-of-silicon-valley-ba... also not that much worse than Goldman at some points in 2008. Not great, not terrible as they say, but aside from a couple of very niche specialists no bank on the planet would survi…
Comment linking /p/the-demise-of-silicon-valley-bank
on “FDIC – SVB FAQ”Submitted The Financialisation of Art as a story · 2 points
HN discussionNearly all? Their "held to maturity" portfolio was down 17% as of year-end 2022. Source: https://www.netinterest.co/p/the-demise-of-silicon-valley-ba...
Comment linking /p/the-demise-of-silicon-valley-bank
on “FDIC – SVB FAQ”Submitted Free Trades as a story · 2 points
HN discussion>As far as I understand, the nominal value of assets still exceeds the obligations? AFAIK that number was based on the book value (ie. how much it cost for the bank to buy the bonds/MBS), not the current fair market value. Other sources say that SVB is in the hole when using current fair market value for their assets. >So big was this drawdown that on a marked-to-market basis, Silicon Valley Bank was technically ins…
Comment linking /p/the-demise-of-silicon-valley-bank
on “FDIC Auction for SVB Said to Be Underway, Final Bids Due Sunday”Submitted The Demise of Silicon Valley Bank (2023) as a story · 1 points
HN discussionI think he prefers cycling: https://www.netinterest.co/p/the-demise-of-silicon-valley-ba... “When you’re not working, what do you do to de-stress?” That was the last question Greg Becker, CEO of Silicon Valley Bank, fielded at an investor conference on Tuesday this week. “Cycling is my advice,” he replied. “Living in Northern California and being on the peninsula. That’s just—I think it’s the best bike-riding cyclin…
Comment linking /p/the-demise-of-silicon-valley-bank
on “CEO of failed Silicon Valley Bank no longer a director at SF Fed”Submitted Financial Advisors: Guardians of the Rich as a story · 1 points
HN discussionThey had too much MBS with average maturity of 6+ years. T bills by definition mature in a year or less. T bills, if they had any, weren't the problem. https://www.netinterest.co/p/the-demise-of-silicon-valley-ba...
Comment linking /p/the-demise-of-silicon-valley-bank
on “FDIC Establishes Signature Bridge Bank, N.A., As Successor to Signature Bank”Submitted So You Want to Launch a Hedge Fund? as a story · 1 points
HN discussionSubmitted The Secret Diary of a Bank Analyst as a story · 1 points
HN discussionSubmitted The Demise of Credit Suisse as a story · 1 points
HN discussionSubmitted Marc Rubinstein: Worldpay Reborn as a story · 1 points
HN discussionSubmitted The Quest for Monopoly as a story · 1 points
HN discussionSubmitted Paytm from Idea to IPO as a story · 1 points
HN discussion
