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They don't seem to be buying anything. They are raising other peoples money to buy it. They then charge those people. So unless they retain some portion of it,
by HFguy 4y ago
They don't seem to be buying anything. They are raising other peoples money to buy it. They then charge those people. So unless they retain some portion of it, they will make money regardless of whether the investment makes money.
- ramesh31 4y ago>They are raising other peoples money to buy it. They then charge those people. So unless they retain some portion of it, they will make money regardless of whether the investment makes money. Yes, that is indeed how Goldman makes money.