i america is always a difficult thing to talk about. For me, it's, i can see wat on the time, what you do on memorial the i actually had a very american memorial day week. And i was out in the woods, and ieow drank a bunch of beer and blew some shet up and ret into a bear os is what? What did the bear think? Was he like, whyis thi an as like, like, behaving like these other strange animals that have invaded my territory? Or, yes, precisely it. O remember, if i did anything else, i feel like there was something i was supposed to remember for marmorial day.
Transcript
chevron_right
Play full episode
chevron_right
Transcript
Episode notes
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.