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Goldman Raising $2B to Buy Distressed Celsius Assets

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Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#61

Post by ramesh31 »

HFguy wrote: post #38
frays wrote: post #17

Goldman is also buying the dip.

They don't seem to be buying anything. They are raising other peoples money to buy it. They then charge those people. So unless they retain some portion of it, they will make money regardless of whether the investment makes money.

>They are raising other peoples money to buy it. They then charge those people. So unless they retain some portion of it, they will make money regardless of whether the investment makes money.

Yes, that is indeed how Goldman makes money.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#62

Post by astrange »

Judgmentality wrote: post #36
nathanvanfleet wrote: post #35

Earlier quoted context omitted.

That must be why violent acts never happen. Go figure.

Economists figured this out long ago. Every person is 100% efficient and rational, and this is why we can predict the future.

Rational expectations/efficient market hypothesis is the explanation for why we can't predict the future. Predicting it would mean something isn't "priced in".

https://someunpleasant.substack.com/p/economists-do-they-kno...

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#63

Post by kfarr »

Judgmentality wrote: post #36
nathanvanfleet wrote: post #35

Earlier quoted context omitted.

That must be why violent acts never happen. Go figure.

Economists figured this out long ago. Every person is 100% efficient and rational, and this is why we can predict the future.

This is one of the premises behind the United State’s uniquely effective approach to prevent gun violence. Everyone understands the penalty for murder, so no one ever uses a gun for unlawful acts against other humans.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#64

Post by Judgmentality »

astrange wrote: post #62
Judgmentality wrote: post #36

Earlier quoted context omitted.

Economists figured this out long ago. Every person is 100% efficient and rational, and this is why we can predict the future.

Rational expectations/efficient market hypothesis is the explanation for why we can't predict the future. Predicting it would mean something isn't "priced in". https://someunpleasant.substack.com/p/economists-do-they-kno...

Well obviously everything is priced in.

https://i.redd.it/pd0s2ysxnm791.jpg

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#65

Post by pclmulqdq »

olalonde wrote: post #51
pclmulqdq wrote: post #29

With FTX and now Goldman buying up assets from dying crypto companies, it looks like a bigger crypto crash will now start to hit the rest of the financial markets. Interesting times coming if there are more issues with USDD and/or tether.

> With FTX and now Goldman buying up assets from dying crypto companies, it looks like a bigger crypto crash will now start to hit the rest of the financial markets. Why?

Those companies have connections to the broader financial markets. The traditional thought was that crypto could do what it wants because it's a fairly insulated silo. If it fails, nothing of value fails with it. If it is going to contaminate the rest of the financial system, we are going to need to shut down the shenanigans very fast.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#66

Post by WheelsAtLarge »

nowherebeen wrote: post #54
WheelsAtLarge wrote: post #10

Earlier quoted context omitted.

DELL and Apple are a good example of your scenario. And Microsoft and Google are examples where the founders handed the company to an MBA and the companies profits greatly increased. But I've seen these happen much less.

You got Microsoft in the wrong category. Gates gave the reins to Ballmer, an MBA, which tanked the stock. Ballmer was never a founder, he was an employee with early stock. Microsoft flourished when Gates was the CEO. > Ballmer joined Microsoft on June 11, 1980, and became Microsoft's 30th employee, the first business manager hired by Gates > [Ballmer] left the MBA program at Stanford University Ballmer is what Marisa…

The way I remember it is that profit's growth for MS greatly increased under Ballmer but company growth tanked and that's what tanked the stock since MS lost its reputation as a growth stock. But generally speaking Ballmer was not the best choice to take on the company.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#68

Post by moralestapia »

WheelsAtLarge wrote: post #3

It's taken me a while to understand this but a very common cycle for tech is: 1)Startup founder gets and idea and develops it. 2)The startup develops the tech and finds a market for it 3)The Startup becomes successful 4)The market falls apart and the founder can't guide the startup thru the difficulties 5)Start up is in distress or fails 6)An MBA type comes along buys everything at a deep discount 7)The new manager r…

I disagree, this wasn't a "startup", this was a scam since day zero.

Re: Goldman Raising $2B to Buy Distressed Celsius Assets

#70

Post by danieltanfh95 »

pclmulqdq wrote: post #65
olalonde wrote: post #51

Earlier quoted context omitted.

> With FTX and now Goldman buying up assets from dying crypto companies, it looks like a bigger crypto crash will now start to hit the rest of the financial markets. Why?

Those companies have connections to the broader financial markets. The traditional thought was that crypto could do what it wants because it's a fairly insulated silo. If it fails, nothing of value fails with it. If it is going to contaminate the rest of the financial system, we are going to need to shut down the shenanigans very fast.

That has never been the modus operandi for Centralised Exchanges for Crypto. This is like saying the Internet could do what it wants because it's insulated from the real world.

FYI most funds have always been holding crypto, bitcoin in particular gives a better yield over any traditional asset in the world over a 10 year period, consistently over 30 years.

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