Goldman will purposely, a sort of create markets or destroy markets to benefit its own overall goals. They do that with multiple sources of capital that often have nothing to do from the revenues or profits generated from the markets business. So it's asist its ukno systems within systems. And this is how you sort of engineer things to your advantage. But goldman didn't start out this way. Well, told goldan goldman was originally really like a small investment bank. Effectaly, they were a partnership. You can actually still find a lot of these limited partner investors all over the place.
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As a $60 billion a year investment bank engaged in market making and asset management for equities, fixed income, commodity and derivative securities for large institutional clients, Goldman Sachs, having been founded in 1869, is arguably the world’s most recognizable name on Wall Street. Known for attracting some of the best financial talent, it is both respected and feared, in some cases being accused of “ripping their clients off” in the relentless pursuit of profits. Defenders of firms like Goldman Sachs make a big deal about how they’re instrumental in the efficient allocation of (financial) capital, but one could argue the concentration of highly intelligent and motivated individuals operating what amounts to a glorified casino is a gross misallocation of human capital, robbing other critical sectors of talent that would otherwise have gone to engineering real solutions, not financial ones.
