The chapter discusses Goldman Sachs' transition from consumer banking to asset and wealth management, highlighting their unsuccessful ventures in consumer banking. The speakers emphasize the importance of sticking to core competencies and cutting losses when necessary. They also touch on rising consumer credit card balances and the challenges of being relied upon for credit.
Earnings season begins again and the big banks lead the way.
(00:21) Ricky Mulvey and Jason Moser discuss:
- The “new” growth engine for Goldman Sachs
- The macro risks that Morgan Stanley highlighted.
- Why the CEO of Adidas gave his cell phone number to 60,000 people.
Plus, (14:20) Robert Brokamp and Alison Southwick open up the member mailbag and answer your questions about investing a lump sum, saving for kids, and ABLE accounts.
Stocks mentioned: GS, MS, ADDYY
Epic Bundle discount link: www.fool.com/epic198
Got a question for the show? Our email is podcasts@fool.com
Host: Ricky Mulvey
Guests: Jason Moser, Alison Southwick, Robert Brokamp
Producer: Mary Long
Engineers: Dan Boyd, Rick Engdahl
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