“I would argue that the six most important financial The global institutions in the US are all US financial institutions, and there is no global institution that can compete in terms of its relevance in the world with the six most important US institutions.”
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More from David Solomon
What-if
Solomon: Goldman Sachs would resemble Lazard without 1999 IPO
“If the firm hadn't gone public in 1999, it would have missed kind of the global expansion of capital markets and probably would look more like, not to pick on anybody, but just to pick any more like Wazard. Today than like Goldman Sachs.”
David SolomonFeb 2, 2026▶ 3:47Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Years
PredictionOpen · timeframe Feb 2027
Solomon: Federal Reserve will likely execute only a couple more rate cuts
“That doesn't mean I think we're going to see many more rate cuts, but we're probably going to see a couple more.”
David SolomonFeb 2, 2026▶ 16:53Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Years
Opinion
Solomon: Current market setup for financial assets is best in decades
“If you're in our kind of businesses, if you're attached to financial assets, this is as sweet a spot that I've seen.”
David SolomonFeb 2, 2026▶ 0:34Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Years
PredictionNot checkable as stated
Solomon: Goldman Sachs balance sheet must reach $3.5T when JPMorgan hits $6T
“At the moment, JP Morgan has a four and a half trillion dollar balance sheet. When JP Morgan's six, we're gonna have to be at least three and a half. You know, at least three and a half.”
David SolomonFeb 2, 2026▶ 7:58Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Years
AssertionPartly supported
Solomon: Top four tech spenders drove 1% of GDP growth via $400B capex
“Last year, the four largest companies contributed one percent to GDP growth with their four hundred billion dollars of spending.”
David SolomonFeb 2, 2026▶ 17:05Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Years
Disclosure
Solomon: Goldman Sachs holds $500B in total deposits, funding 40% of firm
“We've got, you participated in this, a very excellent digital deposit platform that now has, you know, over two hundred billion dollars of deposits, and we've also, we have about five hundred billion dollars of total deposits. 15 years ago, we had zero. So we …”
David SolomonFeb 2, 2026▶ 8:33Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Years
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