why aren't all 6 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
Opinion
Munger claims private fund managers enrich themselves while underdelivering to endowments
“The world is full of Goldman Sachs partners that formed a private fund, and they manage a billion dollars or something like that, and they charge two points off the top plus this, and that enables them to make very handsome livings themselves, but the endowmen…”
Disclosure
Chang: TSMC funded Apple ramp via debt and filled half their requested volume
“What we first did our financial planning and we decided not to cut dividend. We decided not to sell new stock. We decided to just borrow. And I mean, this was also with consultation with Goldman Sachs, you know, we chose following. How much? I looked at the nu…”
Assertion Not checkable as stated
Gerstner: Retail aggregators drive a growing share of crossover fund raises
“And if you look at the retail channel, The accredited investor retail channel, through Goldman, through Morgan Stanley, through these other aggregators, as a percentage of the fundraise for Tiger, for Kotu, for Altimeter, it's going up dramatically relative to…”
Assertion Not publicly verifiable
Schultz: Goldman Sachs rejected leading Starbucks' 1992 IPO for being too small
“We got turned down by Goldman Sachs.”
Assertion Not checkable as stated
Gerstner: HBS students shunned McKinsey and Goldman interviews in 1999
“And, you know, McKinsey and Goldman couldn't get anybody to show up at their interviews at HBS in 1999.”
Assertion Supported
Mars financed its $23B Wrigley buyout using cash, Goldman, and Berkshire capital
“Mars pays eleven billion dollars itself, they get 5.7 billion dollars in bank debt from Goldman Sachs, and then Berkshire comes in with the rest of the financing, about six and a half billion dollars total.”