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Show me something Goldman has done that wasn't for the return %.
by snypher 3mo ago
Show me something Goldman has done that wasn't for the return %.
- Analemma_ 3mo agoThat's not what I argued and you are misrepresenting my point. My argument is that, at least sometimes, Goldman invests in positive-sum trades which make the world better off, even if they extract too much for themselves in fees and leverage. By contrast, the various investments A16Z makes are negative-sum and only manage to make the world worse.
- actionfromafar 3mo agoPutting a face on "externalizing costs".