Fun fact: The CEO of Goldman also makes pretty bad EDM music https://soundcloud.com/djdsolmusic
Oh this is terrible.
I love it
Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
11–20 of 88 posts
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#12http://archive.is/b7h3A
(fo, li, md, vn, ph, and today are alt TLDs: https://en.m.wikipedia.org/wiki/Archive.today)
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#13Fun fact: The CEO of Goldman also makes pretty bad EDM music https://soundcloud.com/djdsolmusic
Maybe it's because I'm an amateur musician and hear some truly awful music, but by EDM standards, that's at least mediocre, not "bad".
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#14Earlier quoted context omitted.
Because GS has never been about having a "brain trust". It is about proximity to power. That peaked in 1998 when Time magazine ran the "Committee to Save the World" cover, featuring Bob Rubin, Larry Summers, and Alan Greenspan. To this day, people talk about that cover.
This is nonsense. GS has always had among the best talent on Wall St. In modeling and software they’ve been a step ahead of everyone else. An extreme example: Fisher Black, a Nobel winning economist, used to work there in the early 90s. And talent is not even the most distinguishing factor: it’s culture. Their culture is held to be the gold standard in corporate America, if you step outside the FANG bubble.
Cant say I agree. I worked for various European and US IB's pre 08, then have for the better part of the last decade been a client of them. IMO GS's culture has always struck me as a lot of self anointed hubris and resembles attitudes found on /r/iamverysmart, which when viewed from the outside it makes one laugh. All US IB's these days are largely just commodity balance sheets. None of them have any tangible edge over each other in the bigger picture.
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#15Fun fact: The CEO of Goldman also makes pretty bad EDM music https://soundcloud.com/djdsolmusic
honestly i like that he doesnt take him self too seriously and puts himself out there
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#16What does he know that we don’t?
He just dumped most of his airline holdings, after losing some $5 billion dollars.
It seems he might be going into cash, and sitting things out, until a true correction hits, and then he’ll go back in and pick up companies for pennies on the dollar.
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#17What does he know that we don’t? He just dumped most of his airline holdings, after losing some $5 billion dollars. It seems he might be going into cash, and sitting things out, until a true correction hits, and then he’ll go back in and pick up companies for pennies on the dollar.
He was not so wise on the airlines...
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#18Many in finance think we're headed for deflation. If that's the case, dumping equities for cash is a sensible move. He may be expecting chaos in the banking sector as bankruptcies roll in, and these mortgage fund fraud allegations gain traction.
It's going to be a wild decade. Watch the government use this to vastly expand surveillance powers, too. Not going to be good for the average American.
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#19Earlier quoted context omitted.
This is nonsense. GS has always had among the best talent on Wall St. In modeling and software they’ve been a step ahead of everyone else. An extreme example: Fisher Black, a Nobel winning economist, used to work there in the early 90s. And talent is not even the most distinguishing factor: it’s culture. Their culture is held to be the gold standard in corporate America, if you step outside the FANG bubble.
Cant say I agree. I worked for various European and US IB's pre 08, then have for the better part of the last decade been a client of them. IMO GS's culture has always struck me as a lot of self anointed hubris and resembles attitudes found on /r/iamverysmart, which when viewed from the outside it makes one laugh. All US IB's these days are largely just commodity balance sheets. None of them have any tangible edge ov…
> IMO GS's culture has always struck me as a lot of self anointed hubris and resembles attitudes found on /r/iamverysmart
Having gone to a GS recruitment event, that was basically what I came away with. I’m sure they’re doing technically interesting things, but I honestly cannot sort it from the bullshit.
Re: Warren Buffett’s Berkshire dumps most of Goldman Sachs stake
#20What does he know that we don’t? He just dumped most of his airline holdings, after losing some $5 billion dollars. It seems he might be going into cash, and sitting things out, until a true correction hits, and then he’ll go back in and pick up companies for pennies on the dollar.
He was not so wise on the airlines...
That really remains to be seen.
Also, I believe BRK has lower risk tolerance than most people think. Listen to the latest annual shareholders meeting, he says that quite explicitly.