Salomon Brothers

6 statements across 6 episodes · 2 bullish · 1 bearish · 4 people on the record · first statement May 22, 2017 by Charlie Ellis · said 37 times in 20 episodes since 2017 · across every show →

Mentions by year

brought up most by Charlie Ellis (5), Ted Seides (4), John Barber (4), Chris and Rob Michalik (4), Don Mullen (3), Andrew Tsai (3), Seth Klarman (2), Tom Majewski (1)

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0232017201820192020202120222023202420252026episodes it came up in
001.51.5332017201820192020202120222023202420252026episodesmentions per episode
2026 1 mention in 1 episode
2025 2 mentions in 2 episodes 1 per episode
2024 5 mentions in 2 episodes 3 per episode
2023 7 mentions in 3 episodes 2 per episode
2022 8 mentions in 3 episodes 3 per episode
2021 4 mentions in 2 episodes 2 per episode
2020 2 mentions in 2 episodes 1 per episode
2019 2 mentions in 2 episodes 1 per episode
2018 4 mentions in 2 episodes 2 per episode
2017 2 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Salomon Brothers, oldest first

May 22, 2017 positive
Assertion Partly supported
Ellis: David Swensen created the first derivative swap at Salomon Brothers
“The first derivative ever done was done by David Swenson when he was working at Salomon Brothers. It was an interest rate swap between IBM and the World Bank”
Charlie Ellis May 22, 2017 ▶ 47:36 Charley Ellis – Multiple Ways to Win (Capital Allocators, EP.08)
Jun 22, 2020 negative
Opinion
Blood: Major financial firm bankruptcies stem mostly from cultural failures
“Turns out that since I've been in finance now 35 years, there have been, I think, probably 10, 15 major organizations that have gone bankrupt, and they've mostly gone out of business for failures of culture and business principles”
David Blood Jun 22, 2020 ▶ 9:47 Sustainable Investing 5: David Blood - Pioneering a Generation (Capital Allocators, EP.143)
May 31, 2021 positive
Assertion Supported
Ellis: David Swensen was the first person to execute a derivative swap
“David's the first person in the world to do a derivative swap. First person in the world”
Charlie Ellis May 31, 2021 ▶ 18:44 Charley Ellis – The Magic of David Swensen (Capital Allocators, EP.197)
May 19, 2022
Assertion Supported
Barber: Wall Street leaders in 1970s and 1980s rose through syndicate desks
“And if you go back in time, John Goodfriend, the legendary CEO of Solomon brothers had been the syndicate manager of Solomon brothers, Ralph D'Annunzio, the legendary CEO of Kidder Peabody had been the syndicate manager. Tommy Saunders, a very legendary Morgan…”
John Barber May 19, 2022 ▶ 8:27 John Barber – The Art of Co-Investing at Cohesive Capital (Manager Meetings, EP.31)
Dec 12, 2022
Assertion Supported
David Swensen created the landmark $100M World Bank-IBM interest rate swap
“While he was at Salomon Brothers, he came up with a cockamamie idea that nobody had ever heard of. An interest rate swap, a hundred million dollars, principle, between the World Bank and IBM.”
Charlie Ellis Dec 12, 2022 ▶ 59:45 Charley Ellis - Figuring Out Investing and Vanguard (Capital Allocators, EP.286)
Jun 29, 2023 neutral
Assertion Not checkable as stated
Mullen: Goldman's leveraged finance desk took less risk than 1980s Salomon
“When I ran Goldman Sachs' leverage finance trading desk businesses, we weren't as big in some things as Salomon Brothers had been 15 years earlier. The scale of risk-taking was extraordinary.”
Don Mullen Jun 29, 2023 ▶ 13:05 Don Mullen –Single-Family Rentals at Pretium (Capital Allocators, EP.324)
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