Martin said his lucrative bet had a lot to do with his entrepreneurial background and his connections on the west coast.
Much like Michael Burry and Steve Eisman, who shot to fame and fortune by calling the housing bubble in 2008, Bill Martin stood out as the "big short" during this year's banking crisis. The founder of family office Raging Capital Ventures bet against Silicon Valley Bank before its collapse in March.
As one of the few people who saw the banking bust coming, "Just like you would short a bank in Texas when oil prices collapse, I was looking for banks with exposure to venture. And that's what led me to Silicon Valley Bank," Martin said in CNBC PRO's "Art of the Trade." The short seller also shared how he managed risk for the volatile trade, as well as other opportunities he capitalized on during the crisis. Watch the video above to learn how Martin did it.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miss Manners: ‘Sorry for your loss, which you didn’t know about yet’Advice from Judith Martin, Nicholas Ivor Martin and Jacobina Martin.
Read more »
Miss Manners: Is it OK to bring my own snacks to work meetings?Advice from Judith Martin, Nicholas Ivor Martin and Jacobina Martin.
Read more »
FTC Chair Lina Khan looks for allies and leads in Silicon Valley charm offensiveFederal Trade Commission Chair Lina Khan found some cozy company over the course of a two-day trip through Silicon Valley this week as she looked to reverse her reputation for being a scourge of Big Tech.
Read more »
Google scraps $15 billion deal with lead developer of Silicon Valley campus projectsGoogle has ended its agreement with Lendlease, the lead developer it had been working with on campus projects in San Jose, Mountain View, and Sunnyvale.
Read more »
FTC Chair Lina Khan looks for allies and leads in Silicon Valley charm offensiveFTC Chair Lina Khan looks for allies and leads in Silicon Valley charm offensive
Read more »
StoreDot Says Its Silicon Batteries Don’t Degrade When Charged Extremely FastThe startup did 1,000 consecutive extreme fast charging cycles.The startup did 1,000 consecutive extreme fast charging cycles and compared them to slow charging scenarios.
Read more »