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Goldman Sachs has no reason to disseminate valuable market insights and analysis for free. All financial thinkpieces by investment firms should be disregarded a
by pie420 2y ago
Goldman Sachs has no reason to disseminate valuable market insights and analysis for free. All financial thinkpieces by investment firms should be disregarded as economic manipulation and propaganda
- sojournerc 2y agoThey do have an interest in accurate pricing in markets (as does any investor). Sometimes something can be both true and have a portion of self-interest. An organization of that size might know something you don't. Do you have information they don't? Can you show that LLM tools are worthy of the hype (investment in particular), are consistent, and reliable? That's certainly not my experience. It's worth saying the emperor has no clothes, especially if we want to avoid the bubble pop, which admittedly GS has an interest in.
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- singleshot_ 2y agoIncomplete understanding of GS’s business and why someone might want to do business with them.
- ohxh 2y agoOr maybe they do believe this, and entered into trades to express this sentiment. Now, they need the market to correct to what (they believe) is accurate, so they can take profits and free up their capital again.
- bostonsre 2y agoThey don't have an incentive to share their view of reality until after they make investments that would capitalize on their belief in that view of reality. After they take those positions though, it is in their best interest to inform everyone about what they view to be real. It would seem to be risky for them to try to take positions based on some false narrative on some aspect of the market because if someone else finds and publishes the true narrative, and that becomes the prevailing sentiment, they would be harmed.
- jjtheblunt 2y agodo you mean something like generalized front running, where they see imminent happenings, get there first, and in this case dissuade competition?
- impulser_ 2y agoI think you are vastly misunderstanding the role of investments banks. I think you might be confusing them with Hedge Funds.