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- The pandemic bubble in asset prices may not have burst yet, Seth Klarman said.
- The elite investor flagged the risk of further banking chaos as more troubled lenders are exposed.
- Klarman warned against assuming the worst is over and government bailouts are guaranteed.
The pandemic bubble may not have popped — and Silicon Valley Bank's collapse might presage further disasters in the financial sector, Seth Klarman has warned.
"You had a bubble, it was really a credit bubble, that became an everything bubble," the billionaire investor and Baupost Group CEO said during the latest episode of "Capital Allocators with Ted Seides."