The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 21 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lemkin: Goldman Sachs and Morgan Stanley Offer the World's Worst Products
“There's the world's crappiest product, which are Goldman Sachs and Morgan Stanley, which take one percent of your assets and do nothing.”
Chirls: Junior partners at big VCs are compensated on deployment speed
“Your junior partner at these big firms, sort of like a VP at Goldman, they are compensated and promoted based on money velocity, not money returns.”
Chirls: Large VC firms operate like transactional Wall Street banks
“Basically all the same people from Lehman showed up. Highly transactional, all about the money. There was no real art or creativity to it. It was very private equity, like finding the company, dressing it up a little bit, handing it off to the next guy. And I …”
Lacaillade: Top PE funds never list on investment bank platforms
“But if you think of like, if you're a Goldman Sachs or Morgan Stanley or whatever, like the funds they put on their platform are large cap funds that are having trouble distributing They need, like, we invest in ADVENT in the large cap bio. We invest in ADVENT…”
Tim Draper: Bitcoin is more secure than money at Goldman Sachs
“And Bitcoin now is, you know, my Bitcoin is more secure than money at Wells Fargo or Goldman Sachs.”
Weitzman: NVIDIA guarantees 25% GPU buybacks with Wall Street lenders
“So I believe earlier this month, NVIDIA did a huge deal with Blackstone, BlackRock, Apollo, and Goldman Sachs. And they said, listen, we want more people to buy more GPUs. We're going to underwrite for you up to 25% the value of a GPU. That if you lend money t…”
Frankel: Strong post-election IPOs will trigger a broader public market reopening
“I think pre-election in the US, IPOs are pretty much closed for now. I think post-election, one or two or three great IPOs, every single, you're going to have like this swarm of JP Morgan and Goldman Sachs bankers coming to tell you, like, it is open.”
Velez: AI private bankers will disrupt ultra-wealthy management within 10 years
“I think then AI and this vision around AI really private banker could become the catalyst for accelerating the immigration towards a fully digitalized private banker. And at that point, then you really start attacking the one percent. You really start offering…”
Mansour: Goldman sold indirect Brexit option bundles at 40% premiums
“We did these things in 2016 where people wanted to hedge themselves against Brexit or get exposure to Brexit. And what we would do is like, we would take a bunch of option swaps, put them in one bundle and then sell it to investors and sell it as a good proxy …”
Destin: I worked at Goldman Sachs hiding the Greek deficit
“One day I was actually working at Goldman Sachs on hiding the Greek deficit through long dated swaps, and I decided I had enough of it, and I jumped into the world of entrepreneurship”
Kopelman: Platform shifts favor college rookies over Wall Street veterans
“We're seeing it now in crypto, for example, where I'd argue that there are seniors in college who have just more experience in crypto than derivative traders at Goldman Sachs. It's this dislocation in the experience curve. That creates real opportunities for r…”
Siemiatkowski: Marcus is the best thing Goldman Sachs ever did
“Marcus is the best thing that Goldman ever did.”
Tunguz: Goldman Paid Record Asset Manager Multiple for Industry Ventures
“Goldman bought Industry Ventures, right? Leading secondary fund. Paid, paid the highest multiple, I think, ever for an asset manager.”
Galloway: Goldman Sachs Manages Wealth; Excess Over Baseline Is Spent or Donated
“Goldman manages my money. They give me a number every year. And anything above my number, I either spend it or I give it away.”
Blomfield: Top UK CS students prefer finance and consulting over startups
“I've been talking to students for the last few days at our top universities, and the high status thing to do as a university CS undergrad is to go and work at Jane Street or Goldman Sachs or McKinsey.”
Kunst: Elite graduates increasingly view startup founding as a resume box check
“Entrepreneurship used to be perceived as a massive risk, and now I think for a certain segment of people, they see it as just another box you check, and if you happen to be really good at it, great, but it's just something you have to do the same way that you …”
Kevin Ryan's Gilt Groupe Paper Stake Fell From $165M to $10M
“We were a year and a half, a year away from going public at Gilt, where Goldman Sachs said, Kevin, you've got about one hundred and sixty five million dollars. We're feeling really good about this. And that ended up being ten million.”
Kevin Ryan: 24-year-olds rarely succeed in starting enterprise database companies
“You don't, 24 year olds have trouble starting a database company and building up an enterprise sales force Meeting with the CEO of, or the CTO of Goldman Sachs to close that deal. It really doesn't happen that often.”
PayPal and Square surpassed Bank of America and Goldman Sachs in 2020
“Last year, you probably know this, but you know, you've heard some of these stats, like PayPal became more valuable than Bank of America and Square became more valuable than Goldman.”