Why Goldman Sachs Went From Investing For The Rich To Targeting Everyone

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  • Опубликовано: 29 янв 2025
  • Goldman Sachs, the Wall Street investment bank, has a storied history. Founded by Marcus Goldman 150 years ago, his son Henry revolutionized the industry with company valuations and IPOs. It was the gold standard in investment banking for decades and partners got rich when the company went public. But the firm's reputation took a beating during the financial crisis, eventually leading to one of the most interesting pivots in Wall Street history.
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    How Goldman Sachs Became Wall Street's Most Powerful Investment Bank

Комментарии • 2,2 тыс.

  • @CNBC
    @CNBC  5 лет назад +424

    What do you think of Goldman Sachs' strategy?

    • @aschmoove2006
      @aschmoove2006 5 лет назад +22

      Jellapper Lökkäs
      LOL😂😂😂😂

    • @trippynfun
      @trippynfun 5 лет назад +15

      @@Flaakk lol

    • @genxchas
      @genxchas 5 лет назад +9

      Its a strategy that worked to say the least however left a stain

    • @thanos2170
      @thanos2170 5 лет назад +3

      Genius

    • @thanos2170
      @thanos2170 5 лет назад +1

      Jellapper Lökkäs
      Salty that you are poor

  • @1qlues
    @1qlues 5 лет назад +3095

    I recently found out the real reason why Goldman people go to government. It's because over the many years they have worked at goldman they have built up significant amounts of UNREALISED profits from stock and stock options which is a huge portion of their pay. For the ceo's these unrealised profits are in the hundreds of millions of dollars.
    When they realise those gains they would normally have to pay tax on that profit. BUT US law says that when you go into government you have to sell any shares that you have of publically traded companies etc because of conflict of interest. The key is that you are forced to sell your shares but it is TAX FREE if you do it because of going to government. This has probably saved these goldman people billions of dollars in tax deductions collectively.

    • @menthy
      @menthy 5 лет назад +435

      Thank you for this. I am now going to build a portfolio of investments with massive unrealized gains, and then run for mayor or something.
      Millions in tax savings!!! Yes!!!

    • @hugonongbri8100
      @hugonongbri8100 5 лет назад +193

      Thanks for sharing. ..had no idea...so thats why most of the treasury secretaries are from GS 😂😂😅😆

    • @LndnJazzHour
      @LndnJazzHour 5 лет назад +69

      Jesus Christ

    • @lozoft9
      @lozoft9 5 лет назад +130

      @@menthy That only works with the federal gov't. State gov'ts don't have such sweetheart ethics deals. If you go to work for a state government, you won't get a federal tax write-off and in most cases, neither will you get a state tax writeoff.

    • @waminette
      @waminette 5 лет назад +56

      That's actually really smart

  • @Chenny0
    @Chenny0 5 лет назад +3045

    👏 For CNBC for not having ads every 5 minutes

    • @panchitov12
      @panchitov12 5 лет назад +9

      Chenny Andy whats an ad ?

    • @pshivvy4212
      @pshivvy4212 5 лет назад +12

      @@panchitov12 That one thing, ya know?

    • @genxchas
      @genxchas 5 лет назад +10

      They own the broadcast no need

    • @genxchas
      @genxchas 5 лет назад +5

      @@actualfactual8737 in 🇺🇸 we say u cant beat em join em 👌😎💰

    • @OutSideTheBoxFormat
      @OutSideTheBoxFormat 5 лет назад +4

      There's ads on RUclips?

  • @harrisonmichael5047
    @harrisonmichael5047 2 года назад +563

    I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third house already, earn on a monthly through passive income, and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made. Great video! Thanks for sharing!
    Very inspiring! I love this.

    • @raychristopher7797
      @raychristopher7797 2 года назад

      I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?

    • @harrisonmichael5047
      @harrisonmichael5047 2 года назад

      @@raychristopher7797 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* . you might have heard of her. I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because I see that in her results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed

    • @raychristopher7797
      @raychristopher7797 2 года назад

      @@harrisonmichael5047 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?

    • @harrisonmichael5047
      @harrisonmichael5047 2 года назад

      @@raychristopher7797 look her up on the internet with her name. she's quite popular for her services as she was recently featured on
      CNN. She can work with anyone irrespective of where you're located

    • @raychristopher7797
      @raychristopher7797 2 года назад

      @@harrisonmichael5047 I just looked up this person out of curiosity; surprisingly, she seems proficient. I thought this was just some overrated BS, I appreciate this.

  • @DelusionalLogic
    @DelusionalLogic 4 года назад +738

    Ahh yes, the 3 groups of people in the world: Millionaires, Billionaires, and Me the consumer.

    • @siramrit
      @siramrit 3 года назад +2

      lol

    • @johnnym9498
      @johnnym9498 3 года назад

      You sound like you’re front the left

    • @loangxuong9863
      @loangxuong9863 3 года назад +1

      wow

    • @conductingintomfoolery9163
      @conductingintomfoolery9163 3 года назад +12

      @@jereflechis4014 pretty true, if you are educated in basic money and economics your not going to be a consumer

    • @lcmiracle
      @lcmiracle 3 года назад

      @@jasperbudiono295 Incredibly stupid and untrue

  • @gTr4yr4y
    @gTr4yr4y 5 лет назад +2452

    “Goldman Sachs is going from caviar to cheeseburgers.” Thank you for that analogy Mr. Mike Mayo.

    • @theroyalcrane
      @theroyalcrane 5 лет назад +37

      Haha! The Ted Cruz school of food based analogies.

    • @user-hs2hd7wp9g
      @user-hs2hd7wp9g 5 лет назад +19

      @@actualfactual8737 Rant about that, they don't care, the make 50 times your salary if not more

    • @bloom6921
      @bloom6921 5 лет назад +3

      @@simonwilson7581 lol:)

    • @sammagid8030
      @sammagid8030 5 лет назад +9

      Can i put mayo on cheeseburger?

    • @theroyalcrane
      @theroyalcrane 5 лет назад +3

      @@sammagid8030 It's your burger, put what you like on it.

  • @kyb3709
    @kyb3709 5 лет назад +1560

    CNBC the real goats for all these informative types of videos recently. Y'all hold this W

    • @thagoatallen
      @thagoatallen 5 лет назад +14

      True CNBC doing good things

    • @skippingrhyme4386
      @skippingrhyme4386 5 лет назад +11

      Idk if they Realise how important this Comment really is. It should be Pinned.....

    • @Stoneface_
      @Stoneface_ 5 лет назад +27

      KYB I noticed they changed a lot recently. Now they’re making educational videos that matters to the American people instead of the garbage political videos they were making. Great job CNBC.

    • @SyafriMukhrizal
      @SyafriMukhrizal 5 лет назад +1

      Look all of them no work, just sit
      Bald and fat, thats what they do and you know about that
      They always give theori and not work, never saw them with worker, they want easy get money
      Never built anything just sit and roll they money and next time they withdraw with huge invest.
      Thats what they do, never saw real estate just roll money soo unrealistic theori idiot

    • @blueoystercultforevs
      @blueoystercultforevs 5 лет назад +8

      This is not an educational video. It's an advertisement for Goldman Sachs.

  • @joesphcu8975
    @joesphcu8975 Год назад +786

    What bothers me about this situation is the fact that the news and media are all going about a recession which is understandable due to the war and pandemic but still the same media still publish articles about folks in the same economy pulling off hefty 6figure profit(Averg. 200k in barely 8weeks) in this downtrend how is that possible?

    • @alexyoung3126
      @alexyoung3126 Год назад +2

      I've come to realize both bear and bull market provide opportunities to make high gains, I used to call bluff on folks that bragged about making a fortune from such down-markets until I happened to do so myself

    • @lawerencemiller9720
      @lawerencemiller9720 Год назад +1

      Well the US-stock market has been on it’s longest bull-run in history, so the mass hysteria and panic is understandable seeing as we’re not used to such troubled market, but there are opportunities lurking around if you know where to look while everybody’s been screaming falling sky, I’ve netted over $850k in the past 10months.

    • @stephaniestella213
      @stephaniestella213 Год назад +1

      well good for you buddy, your market knowledge paid off. I've actually been thinking of reaching a portfolio-adviser, my 401k and stocks been losing everything it's gained since 2019, mind if I looked-up this one coach you use?

    • @lawerencemiller9720
      @lawerencemiller9720 Год назад +3

      thanks, was guided tho...Eileen Ruth Sparks walked me through the ropes majestically i'ts my ultimate pleasure.

    • @stephaniestella213
      @stephaniestella213 Год назад

      she’s a quite known advisor. I actually did look her up curiously and went through her credentials on her webbsite…Top-notch! I wrote her an email, hopefully she’s accepting new intakes.

  • @kimyoung8414
    @kimyoung8414 Год назад +813

    Lynch has mastered what patience looks like. He has stuck to the markets, having a long term view on the markets. This is what I'm struggling to do, trying to learn how to not react to market news about inflation and all. I have currently set aside about $253k to put in the market now that prices are down. Any ideas?

    • @alexyoung3126
      @alexyoung3126 Год назад +3

      It takes some gut to really remain in the market despite downturns and all. So just find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

    • @joesphcu8975
      @joesphcu8975 Год назад +1

      I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.

    • @lawerencemiller9720
      @lawerencemiller9720 Год назад +2

      This is something I've been planning to do for a while now. My portfolio has been falling, and I'm scared, but I know the market always recovers. I wonder if I've been on the right stocks. How do I get in touch with your advisor?

    • @joesphcu8975
      @joesphcu8975 Год назад +4

      I work with "Helene Claire Johnson". I understand what it's like to see your portfolio going down. I hope the performance improves.

    • @lawerencemiller9720
      @lawerencemiller9720 Год назад +2

      I'm grateful to stumble on this convo. out of curiosity I was able to reach her web page on google and email her. I'm hoping she will respond to me shortly.

  • @reheyesd8666
    @reheyesd8666 4 года назад +292

    This should be called "How the banking sector owns Governments"

    • @guruspubichair
      @guruspubichair 4 года назад +8

      This should be called "How the banking sector owns Governments"

    • @seandmello3793
      @seandmello3793 3 года назад +2

      @@guruspubichairvery original!

    • @cc23001
      @cc23001 3 года назад +1

      China is the other way around.. think that's better?

    • @aumkarranjanbehura5332
      @aumkarranjanbehura5332 3 года назад

      @@cc23001 Wuma

    • @tomlxyz
      @tomlxyz 3 года назад +1

      They don't own it, just influence it, and since 2008 they've lost a lot of influence

  • @MCorpReview
    @MCorpReview 5 лет назад +515

    Love the part about making money from a fine. Classic

  • @EternalEchoflame
    @EternalEchoflame 5 лет назад +96

    Loving these CNBC documentaries.

    • @Shlomoadamov
      @Shlomoadamov 5 лет назад

      Where can I find more like this one?

  • @videodude2010
    @videodude2010 5 лет назад +694

    CNBC been uploading banger after banger. I’m liking this content!

    • @annaromulus
      @annaromulus 5 лет назад +2

      which are your favorites? Suggest please

    • @Stoneface_
      @Stoneface_ 5 лет назад +3

      Bethlem RomulusDaas Amazon paid zero federal tax

  • @alexknox1596
    @alexknox1596 3 года назад +8

    loved the looks CEO of Goldman's was getting when recommending the bail out, says more than words can!!!

  • @markteague8889
    @markteague8889 5 лет назад +135

    Letting Goldman Sachs play with depository accounts is like letting the foxes into the hen house. Kiss your chickens goodbye! ROTFL

    • @leonardopurba.s
      @leonardopurba.s 5 лет назад +2

      Do I really have to kiss my chickens? :(

    • @jameskresl
      @jameskresl 4 года назад +7

      Or just keep your balance under $250k.

    • @RK831
      @RK831 4 года назад +3

      That was what Glass-Steagall was for.

    • @angiesworld8038
      @angiesworld8038 3 года назад

      I wish they were responsible for my bank deposits.

  • @williamsmith9921
    @williamsmith9921 5 лет назад +1030

    One of the conditions for being CEO is that you must be bald or balding. It's naturally the price of doing God's work.

    • @menthy
      @menthy 5 лет назад +155

      Combing hair is not a profitable activity. These CEO's understand that. Much better to make billions than waste time combing hair.

    • @yugiohpokemon5285
      @yugiohpokemon5285 5 лет назад +28

      William Smith it comes with age the average ceo is about 50

    • @jen_nice2059
      @jen_nice2059 5 лет назад +16

      Make pattern baldness makes you more mature and smart

    • @552mustang
      @552mustang 5 лет назад +38

      William Smith Its true. Alpha male personalities that take risks tend to have higher testosterone and thus DHT. Testosterone levels society wide have been plummeting in the last few decades. This is part of the reason why male pattern baldness isnt as seen in the general populace anymore. Lots of theories as to why the drop, but could be xenoestrogens in the water and food supply from plastics etc. Used to be (when men were men) upto like the mid 80s, MBP went part and parcel with aging. it was basically par for the course for a majority of men.

    • @markzucc3277
      @markzucc3277 5 лет назад +15

      552mustang no facts to back this up but I want to believe it’s true

  • @amazoidal
    @amazoidal 5 лет назад +1269

    Interestingly, after the Bailout and Recession, Lloyd and his friend Jamie Dimon, went from Millionaires to Billionaires. Doing God's work, of course.

    • @dennisp8520
      @dennisp8520 5 лет назад +103

      Honestly, I hate banks, I don't want to give names of the ones I have used. However, I started with a small bank and they sucked because they never worked. I used a big bank and they have tons of fees. There is no winning as a consumer. Unless you have money of course. Sadly you need banks to get paid no one pays cash. I hope one day we can get paid in cryptocurrency to avoid the bureaucracy of it all.

    • @t1234-q5z
      @t1234-q5z 5 лет назад +1

      Lmaoooo

    • @lnhart7157
      @lnhart7157 5 лет назад +60

      You know that Jamie Dimons bank didn't need or want the bailouts? And also paid them back with interest to the government?

    • @amazoidal
      @amazoidal 5 лет назад +13

      Loan me the money and I will pay it back also.

    • @traplover6357
      @traplover6357 5 лет назад +21

      @@dennisp8520 credit unions are the best way so far.

  • @belowaverageluke1369
    @belowaverageluke1369 5 лет назад +225

    Legend has it that Goldman sachs is still alive today.

    • @_ABDUL-RAHIM.
      @_ABDUL-RAHIM. 5 лет назад +1

      @@actualfactual8737 what if this thing was actually one of the reasons why hitler caused holocaust back then ?

    • @skippingrhyme4386
      @skippingrhyme4386 5 лет назад +1

      @@actualfactual8737 Very true, but Just like the Medical I formation we got From Nazi Germany it's a Vital part of the Modern Day.......

    • @HankTheTank23
      @HankTheTank23 4 года назад +1

      Goldman Sachs isn't a person...

    • @christiangallagher8856
      @christiangallagher8856 4 года назад

      “Goldman Sachs is going from caviar to cheeseburgers.” Thank you for that analogy Mr. Mike Mayo.

    • @ClxTablet-pv5hi
      @ClxTablet-pv5hi Год назад

      I sure hope he's with devil trying to steel

  • @codelunatic
    @codelunatic 4 года назад +72

    worked in their tech division for a few years, actually started my graduate job there the day Lehman Brothers went down.. Have to say great firm, fantastic people... What people keep forgetting is that GS was probably the only big IB that did not require a bailout but was forced to accept one along with the others to stabilize the markets.. They were fantastic risk managers and had already taken a calculated bet against the mortgage markets, the crisis wouldn't have happened if only other banks were that diligent..

    • @klintsheganaku913
      @klintsheganaku913 3 года назад +3

      Goldman received a $10B funds from the Government as part of the TARP, it was not forced to accept any of it, and yes, it did get bailed out, so even though you are here telling us your narrative, that does not make it true. They received these funds from taxpayers pockets as a relief to prevent a systemic financial crisis that they had created, along with other big financial institutions, by committing financial fraud for years and getting rich by defrauding their clients; no one of these principal actors went to jail, instead, part of the relief funds went straight in their pockets as bonuses...

    • @johnyac60
      @johnyac60 3 года назад +3

      @@klintsheganaku913 Paulson literally forced to take the funds? Ha.. cute argument though

    • @NOName-nn3jv
      @NOName-nn3jv 2 года назад +1

      So does JP Morgan, they didn't need any bailout either

    • @onee
      @onee 2 года назад +2

      Ah yes, such an ethical firm that they made half a billion bankrupting Greece.

    • @zxylo786
      @zxylo786 Год назад

      ​@@oneeWho cares about Greece

  • @akj3344
    @akj3344 4 года назад +14

    The closing line of these video is fire. These guys are truly the smartest guys in the room.

  • @n3gi_
    @n3gi_ 5 лет назад +172

    The Goldman Sachs Ideology:
    When life gives you lemons, turn them into GOLDEN Lemons!!!!

    • @DanielPronych
      @DanielPronych 4 года назад +6

      Yes, for Goldman Sachs? Not necessarily other investors as the primary goal?

    • @IhaveBigFeet
      @IhaveBigFeet 4 года назад +7

      More like when life gives you lemons loan those lemons out to your neighbour for exorbitant interest fee then funnel the money back to israel

  • @thecapone45
    @thecapone45 5 лет назад +16

    Man. These videos are actually really well done. I’m impressed!

  • @Tom-np7ct
    @Tom-np7ct 4 года назад +4

    This is great, CNBC is the only place that provides a true and detailed history of companies like this one. Anywhere else, the story of the company is manipulated to support a point of view.

    • @junesilvermanb2979
      @junesilvermanb2979 4 года назад +1

      en.m.wikipedia.org/wiki/CNBC

    • @leem.5917
      @leem.5917 3 года назад +1

      Oh wow blindly following an MSM ? You can always do better

  • @Keyboardscholar
    @Keyboardscholar 5 лет назад +30

    I love all CNBC's videos about banks. Please keep them coming!

  • @CartersCullinans
    @CartersCullinans 2 дня назад +112

    Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.

    • @temmyolarewaju9371
      @temmyolarewaju9371 2 дня назад

      I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks.

    • @CartersCullinans
      @CartersCullinans 2 дня назад

      @@temmyolarewaju9371 Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. *MARGARET MOLLI ALVEY*

    • @temmyolarewaju9371
      @temmyolarewaju9371 2 дня назад

      @@CartersCullinans Oh please I’d love that. Thanks!

    • @CartersCullinans
      @CartersCullinans 2 дня назад

      @@temmyolarewaju9371 *MARGARET MOLLI ALVEY*

    • @CartersCullinans
      @CartersCullinans 2 дня назад

      Lookup with her name on the webpage.

  • @arashkborzoo
    @arashkborzoo 5 лет назад +6

    I love these CNBC documentaries

  • @KonkelVonk
    @KonkelVonk 5 лет назад +18

    That rise from 2008 during the crash to 2009 with the big hike in that net income chart is your bailout tax money people.

  • @aviralsingh002
    @aviralsingh002 3 года назад +6

    The background music is killing it, just like Goldman!

  • @RESPINOZA94
    @RESPINOZA94 5 лет назад +38

    Goldman Sachs #1. The most hated bailout that worked.

    • @qstunrr
      @qstunrr 5 лет назад +10

      Key word: it worked. But no one seems to get that

    • @nicksullivan4203
      @nicksullivan4203 5 лет назад +3

      Ya man it seem like every one hates the bailout but it did work. I read "Firefighting The financial crisis and its lessons" which was written by a financial advisor under bush, one under obama and another independent and it was pretty interesting. Would Recommend.

  • @tongkatali7643
    @tongkatali7643 5 лет назад +23

    From Investment Banking to Retail Banking. A true diversification

  • @AZOffRoadster
    @AZOffRoadster 5 лет назад +19

    Pure Evil. Just watch for GSCO on your level II screen and you can observe them doing evil things.
    Jail everyone there and break it into a dozen new banks.
    Put some REAL rules in place, and actually ENFORCE them.
    No more slap on the wrist fines, imprison those in charge.

  • @TheBOMMShow
    @TheBOMMShow 4 года назад +3

    THAT BEAT IN THE BEGINNING GOES HARD!!!!!

  • @neves69
    @neves69 4 года назад +3

    This was serious quality.

  • @JK-gu3tl
    @JK-gu3tl 5 лет назад +13

    When Hank Paulson became Treasury Sec., he was able to cash in on his GS equity w/o having to pay tax.

    • @tarshun
      @tarshun 4 года назад

      Yes and Gary Cohn did the same after leaving GS and working as Trump’s Chief Economic Advisor. I think he capitalized on both opps by paying low/no taxes and leaving the Trump Admin when he did...👀🤑

  • @TheRealHarsjan
    @TheRealHarsjan 5 лет назад +270

    Criteria for CEO of Goldman Sachs:
    Don't have hair on your head.

    • @tantiwahopak101
      @tantiwahopak101 5 лет назад +6

      That's racist!

    • @aadhithanu9070
      @aadhithanu9070 5 лет назад +28

      That's Hairist

    • @lencymuna465
      @lencymuna465 5 лет назад +5

      @@aadhithanu9070 lol

    • @roryboytube
      @roryboytube 4 года назад +1

      Gary Cohan went from Gold to Bald in just a few years

    • @최현웅-q3w
      @최현웅-q3w 4 года назад

      GOT7 “Breath (넌 날 숨 쉬게 해)” M/V 2000만뷰 돌파! 아가새 아름다워 그 무엇보다💚
      GOT7 “Breath” M/V hits 20 million views! I GOT7 are beautiful more than anything else💚
      ruclips.net/video/g5idjxf4jHI/видео.html
      #GOT7 #갓세븐 @GOT7Official
      #IGOT7 #아가새
      #GOT7_BreathofLove_LastPiece
      #GOT7_Breath
      #GOT7_LASTPIECE

  • @galliancost2310
    @galliancost2310 3 года назад +3

    Investment is the stepping stones for success. Waiting for the government to provide is total waste..

    • @leviteduff1959
      @leviteduff1959 3 года назад +2

      Miss Anna is legit and her method works like magic I keep on earning every single week with her new strategy..

    • @anitauhunamure4557
      @anitauhunamure4557 3 года назад +2

      Miss Anna have been handling my account for years now..

  • @gregorychristine9972
    @gregorychristine9972 3 года назад +45

    Success is not final; failure is not fatal: it is the courage to continue that counts. Business opportunities are like buses, there’s always another one coming.

    • @russellnuhkaser7164
      @russellnuhkaser7164 3 года назад

      Truth, it is really profitable as an investment.

    • @elijahisabella6781
      @elijahisabella6781 3 года назад +1

      It’s fortunate that many of us are still confused about crypto currency while others are busy earning from it

    • @luciabvxharder4669
      @luciabvxharder4669 3 года назад

      @@elijahisabella6781 Is never stressful when you're guided by a pro

    • @justinpamela7184
      @justinpamela7184 3 года назад +1

      I remember friends calling me crazy when I started investing in bitcoin now I shut them up with my 4 figures weekly returns.

    • @richardbeen6545
      @richardbeen6545 3 года назад

      Thanks so much to Ma'am Diana Lucy for introducing and making me believe in crypto

  • @eckmann88
    @eckmann88 5 лет назад +11

    Goldman’s CEO DJ’ing just makes me think he’s the business equivalent of Amy Poehler’s “cool mom” in Mean Girls.

  • @rebekahwhite2939
    @rebekahwhite2939 3 года назад +1

    "To forget would be not only dangerous but offensive; to forget the dead would be akin to killing them a second time." -Elie Wiesel
    Yom HaShoah begins at sundown tonight. Please join me in pausing and remembering the six million Jewish lives lost during the Holocaust. Let us honor their memory and keep them in our hearts.
    #NeverForget #NeverAgain
    Some of my Dad Fred White's family members died in the Holocaust in Europe
    When I know about what my Dad Fred White has lived through in the 1920s and 1930s and 1940s and 1950s and 1960s it gives me a different perspective and I realize how much easier my life is compared to what my Dad Fred White lived through

  • @hipolitoreyes5579
    @hipolitoreyes5579 5 лет назад +121

    Welcome to the World of Banking, where you can turn a fine into a Profit 😂

    • @hlboerr
      @hlboerr 5 лет назад +4

      paid 7 billion in fines, which 1 billion was in crappy mortgages, which 70% of that billion was to consumer relief. yeah so great world of banking

    • @nicksullivan4203
      @nicksullivan4203 5 лет назад +6

      It wasn't a fine. It was a required investment. So its pretty clear how you can make a profit off it.

    • @11bornrich
      @11bornrich 5 лет назад +10

      Lol even if you hate them come on now, we have to give them fellas some credit, they're damn smart😂😂

    • @ryannayr140
      @ryannayr140 4 года назад

      Why should they have been fined? They made a risky bet and won. The people that should be fined are the people making a risky bet and know that they're too big to fail.

    • @socrates_the_great6209
      @socrates_the_great6209 4 года назад

      Greed, Greed

  • @superqaxclub
    @superqaxclub 5 лет назад +341

    And that's why Apple choose them for Apple Card

    • @johnmoore1495
      @johnmoore1495 5 лет назад +63

      I just applied for it today and got a $7,000 credit limit and I'm still in college lmao.

    • @aleydrus8067
      @aleydrus8067 5 лет назад +35

      @@johnmoore1495 Awesome. Goldman sachs loves you for giving them your money.

    • @johnmoore1495
      @johnmoore1495 5 лет назад +51

      aleydrus I barely use my cards. I just keep opening them up so later down the road I have a long credit history.

    • @anonymjin3278
      @anonymjin3278 5 лет назад +2

      John Moore Smart

    • @lefthanded5473
      @lefthanded5473 5 лет назад +12

      John Moore $7,000 for limit in college, you probably got some loaded parents co-signing you.

  • @geocyo8835
    @geocyo8835 5 лет назад +20

    1:07 I can't believe they are eating caviar with a metal spoon. Philistines.

    • @a7dfj8aerj
      @a7dfj8aerj 4 года назад +1

      Thanks for reminding me how poor i am not to even know there are caviar spoons for that

  • @davidhidalgo8465
    @davidhidalgo8465 4 года назад +2

    I’m locked in on some CD’s with Goldman Sachs.
    Very easy to use and has been a good bank for me so far, and I’m not rich (yet)

  • @susannnico
    @susannnico Год назад +232

    Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with *ROCHELLE DUNGCA-SCHREIBER* , her skills set is exceptional.

    • @lailaalfaddil7389
      @lailaalfaddil7389 Год назад

      Amazing to see others who trade with *ROCHELLE DUNGCA-SCHREIBER* , I'm currently on my 5th trade with her and my portfolio has grown tremendously.

  • @austinhorton6350
    @austinhorton6350 5 лет назад +12

    7:42 Might want to charge your phone

  • @gg3675
    @gg3675 4 года назад +95

    "Smart people tend to end up in positions of power." Our choices for president are four more years of Donald Trump or Joe Biden. Enough said on that theory.

    • @UserName-ii1ce
      @UserName-ii1ce 4 года назад +20

      The smart people don't want the president's responsibility. Except for maybe the bae Andrew Yang

    • @realeffx
      @realeffx 4 года назад +16

      Smart people want the power not the spotlight

    • @generalshepherd457
      @generalshepherd457 4 года назад +7

      Trump is street smart. Biden is half demented.

    • @davidmitchell3997
      @davidmitchell3997 4 года назад

      @Saggi Boawls 👏🏾👏🏾🙌🏾
      #BidenIsAFraud

    • @nxbis
      @nxbis 3 года назад

      Uhh its really more like the opposite.

  • @tinniefresheats888
    @tinniefresheats888 5 лет назад +14

    How come they don't teach these classes in High School???

    • @leoramirez3146
      @leoramirez3146 4 года назад +7

      Cux they want to keep u poor. But us up to u to be more like a lion.

  • @narrativenationUFC
    @narrativenationUFC 5 лет назад +90

    "To Targeting Congress, The Treasury, and No-Strings-Attached Backdoor Bailouts". There, I fixed it for you.

    • @kfcthanksgiving
      @kfcthanksgiving 5 лет назад +5

      George Janeiro no-strings-attaches bailouts? They paid back the entire sum with interest. It wasn’t just a free handout

    • @narrativenationUFC
      @narrativenationUFC 5 лет назад +5

      @@kfcthanksgiving Every bankster apologists' go-to response: "but they paid it back, with interest!" A) they never "paid back" the damage they did to tens of millions of Americans; B) the interest should have been 30-40 points higher; and C) there's no way to pay back the future damage from the moral hazard of letting the banksters know they'll always be bailed out.

    • @dylanf3108
      @dylanf3108 5 лет назад +2

      The bailout was a loan meaning they had to pay interest back which they did. There weren’t no strings.

    • @narrativenationUFC
      @narrativenationUFC 5 лет назад +7

      @@dylanf3108 yeah, it was a loan, which is why they called it a loan, oh, wait, nooo, they called it a BAILOUT, because we bailed out bankrupt banksters.

  • @Motiontalktv
    @Motiontalktv 5 лет назад +140

    PhDs we locked in a cage somewhere 😂

    • @KevinJohnson-cv2no
      @KevinJohnson-cv2no 5 лет назад +9

      It's funny because it's an oxymoron. Goldman is known for being "the smartest shop on the block" and having the most competitive talents and minds under it's wing. It's like Einstein saying "yeah I just beat up some nerd to discover E=MC squared"

  • @amanapart.
    @amanapart. 5 лет назад +16

    These "people" have the entire US finance system in their hands.

    • @lucaliberati5807
      @lucaliberati5807 5 лет назад +2

      And Europe and about 40 countries too !

    • @funnyhomemadefilms4145
      @funnyhomemadefilms4145 3 года назад

      That's why you folks should be supporting communism

    • @Saisem3
      @Saisem3 3 года назад +2

      @@funnyhomemadefilms4145 national socialism

  • @MaximilianFischer497
    @MaximilianFischer497 5 месяцев назад +1

    Some great ways to invest in your 20s include investing in low-cost index funds, opening a Roth IRA, and investing in real estate. Compounding is the process of earning interest on your initial investment, as well as on the interest that investment earns. This means that over time, your investment can grow exponentially. So the earlier you start investing, the more time your investment has to grow through compounding.

    • @MarshalWagner457
      @MarshalWagner457 5 месяцев назад

      Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are a lot of wealth transfer in this downtime if you know where to look.

    • @EvelynBrooks0
      @EvelynBrooks0 5 месяцев назад

      I am roughly at 50 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, the Fin-advisor can only be neglected, not rejected. Just do your due diligence to identify a fiduciary one.

    • @TicheDebb0
      @TicheDebb0 5 месяцев назад

      THAT IS exactly how i wish to get my finances coordinated ahead or retirement. Can I get access to your ADVIC0R OR COACH?

    • @AshleySommerset808
      @AshleySommerset808 5 месяцев назад

      This is exactly how i wish to get my finances. Coordinated ahead of retirement. Can I get access to your advisor?

    • @EvelynBrooks0
      @EvelynBrooks0 5 месяцев назад

      Do your FINDINGS AND OPT FOR ON "Sonya Lee Mitchell" is accountable for the success of
      my portfo4lio

  • @Mullet-ZubazPants
    @Mullet-ZubazPants 3 года назад +6

    1:09 "Vampire Squid" is the handle Matt Taibbi gave them in his Rolling Stone article. It's a good read, I recommend

  • @smallrossy
    @smallrossy 5 лет назад +3

    Mike Mayo talking about cheese burgers, i love this

  • @user-mq3ts7lr9l
    @user-mq3ts7lr9l 5 лет назад +128

    How trading division made money during the crisis? As the story goes from RUclips documentaries and the big short movie.... Derivatives, in English, bets. They made bets at the 10th hour that the housing market would crumble, repackaged & sold investments that they had on hand linked to the housing market to unwitting clients, and then what they couldnt sell...
    Well they had AIG insure the downside of the investments left which were linked to the housing market, and when it crumbled, they made a killing.
    Meanwhile clients who bought advice from them were advised to do the opposite... and obviously they charged the clients for that advice.

    • @JK-gu3tl
      @JK-gu3tl 5 лет назад +13

      There's a reason why Matt Taibibi called them a Vampire Squid.

    • @yugiohpokemon5285
      @yugiohpokemon5285 5 лет назад +4

      Jay K you are aware that many big investors didn’t know that the bonds were bad there was only a handful of people who knew about that

    • @user-mq3ts7lr9l
      @user-mq3ts7lr9l 5 лет назад +6

      Thing is, I'm not sold on the idea that a handful of people caused the markets to inflate with nothing. Even though the fact that ratings agencies gave stellar ratings on these products, which is VERY suspicious... I think we should also consider 1. greed/desperation and 2. group psychology of investors.
      1. Many people who end up with nothing in pyramid schemes are not clueless about the fact that they could lose everything, they are well aware that it is too good to be true, they can tell you exactly what the sales man said the first time that sounded like flying cows. But out of desperation or greed, they join anyway. It's like when the sales man says high risk, high reward, the former falls on deaf ears.
      2. I think investors bought into the property gospel, the you can never go wrong with X type of financial religion, to that effect, wilful mass ignorance, I can believe that they chose not to know.
      but then, those are my thoughts.

    • @rudaguimaraes9
      @rudaguimaraes9 5 лет назад +1

      Jay K the Great Depression was followed by a great increase in monetary supply by the federal reserve. Of course everyone is going to make bad and riskier investments, the whole market is distorted.

    • @mcapps1
      @mcapps1 5 лет назад +2

      Satan is the one who would charge you for buying AND selling.

  • @blahblah55237
    @blahblah55237 4 года назад +4

    How appropriate that there is a gangsta rap beat to introduce GS in this video. Because everyone know Goldman is gangsta.

  • @zoecarlibur
    @zoecarlibur 5 лет назад

    CNBC is doing really great. I'm loving it.

  • @unwanted_spam
    @unwanted_spam 3 года назад +2

    I loved the intro
    And
    This is not my first time

  • @Augustus98
    @Augustus98 5 лет назад +221

    Now do a video on JP Morgan chase

    • @XCoreSol
      @XCoreSol 5 лет назад +36

      ruclips.net/video/6Rb2TsOm3Kw/видео.html They did that already

    • @jorgehdz2030
      @jorgehdz2030 5 лет назад +10

      Also a video of blackrock

    • @yugiohpokemon5285
      @yugiohpokemon5285 5 лет назад +2

      Aakash Bose J.P. Morgan is a good bank

    • @RONNYfromOZ
      @RONNYfromOZ 5 лет назад +9

      @@yugiohpokemon5285 no such thing as a good bank

    • @yugiohpokemon5285
      @yugiohpokemon5285 5 лет назад

      RONNYfromOZ so where would you get a loan for a business?

  • @TheGbelcher
    @TheGbelcher 4 года назад +10

    21:39 You missed a key detail in GS transformation into a retail bank. GS needed to be a bank to qualify for the TARP bailout funds. That stupid Marcus app is of no strategic importance.

  • @olivejess8957
    @olivejess8957 3 года назад +30

    I pounder on how my retirement will be and don’t actually know what’s best to go into right now that will be very profitable for me from the comfort of my home

    • @christopherjackson4118
      @christopherjackson4118 3 года назад +1

      I will advice you go into forex investment that’s the only secured investment I can advice anyone to go into right now speaking from my past experience

    • @leocadiusbozena7813
      @leocadiusbozena7813 3 года назад

      With the help of Mr Carlton Jefferson I now earn $18000 profit on a weekly his trading strategy is the best I can ever go with

    • @jamieseek7651
      @jamieseek7651 3 года назад

      Carlton is the best to go with when it comes to investment he help in recovering my lost funds and now I earn so well

    • @dynelwinsome7324
      @dynelwinsome7324 3 года назад

      I know Carlton as well I won’t say much but I know him to be the best so I just keep enjoying my profit

    • @olivejess8957
      @olivejess8957 3 года назад

      This man must be as good as they say everything in life deserves a try ,is there a possible to get in contact with ?

  • @tinniefresheats888
    @tinniefresheats888 5 лет назад

    Great way to do a story about Goldman Sachs by CNBC.

  • @jamesjackson9331
    @jamesjackson9331 5 лет назад

    Great video, very clear and doesn't seem biased

  • @fairysox221
    @fairysox221 5 лет назад +6

    I love the punishment 18:44 , its like "Timmy, go to your room.." when that's where all Timmy's toys are.

  • @Megatron_Prime_1
    @Megatron_Prime_1 5 лет назад +10

    The CEO is a part time Dj🤣

  • @rud
    @rud 5 лет назад +8

    Apple card: "Variable APRs range from 13.24% to 24.24% based on creditworthiness." Didn't realize that running a credit on a credit card was that expensive. Think I will continue to pay everything in full every month.

    • @dm2060
      @dm2060 3 года назад

      There's no interest of you pay your bill on time.

  • @mo7650
    @mo7650 4 года назад +1

    The best at getting insider information

  • @msa3533
    @msa3533 4 года назад +2

    i really like the way cnbc makes these videos.

  • @kevind97
    @kevind97 5 лет назад +4

    I'm not going to say what I think about every video (that y'all are great); instead, I'm going to say that CNBC is staying true to their viewers. What do I mean that? I use to watch Business Insider for their reports on businesses and random topics they deemed were popular for the new population on RUclips. However, they have slowly transitioned away from good content to clickbait, which they are great at. Nevertheless, CNBC is staying true to its brand and providing us with great reports on companies and current events. Props to the team that does RUclips videos. I can't wait to watch and learn more.

    • @hugonongbri8100
      @hugonongbri8100 5 лет назад

      Bloomberg has been putting out great content check them out

    • @marcuswilliam8856
      @marcuswilliam8856 3 года назад

      Thanks for the comments! don't forget to hit the subscribe button
      +1>9>37>9>30>5
      WASP

  • @DivineFrag
    @DivineFrag 5 лет назад +17

    It's still kinda funny how Goldman has maintained the image of having the most successful traders when the numbers clearly don't support this statement.

  • @nmarkert01
    @nmarkert01 4 года назад +3

    They constantly send me offers thats like 2-3 times the rate of most personal loan offers I get. 😂🤷🏻‍♂️

  • @TommyCarstensen
    @TommyCarstensen 5 лет назад +1

    It's Sue Herrera from Nightly Business Report at 9:49 :-) I love her and Bill and NBR :-)

  • @LMays-cu2hp
    @LMays-cu2hp 3 года назад

    Thank you for sharing.

  • @Leonardo-jj5co
    @Leonardo-jj5co 4 года назад +3

    1:15 this dude just called me cheeseburger and im not offended

  • @sejungsong
    @sejungsong 5 лет назад +64

    When I see the thumbnail of CNBC, I always think it's Huawei. You guys are really competing on brand recognition with that logo.

    • @Rakion09214
      @Rakion09214 5 лет назад +15

      It's been NBC's logo since before Huawei was a company.

    • @sejungsong
      @sejungsong 5 лет назад +3

      @@Rakion09214 I know that's why it's interesting to see my friends and myself to associate that logo with another company more often recently.

    • @dadude4960
      @dadude4960 5 лет назад

      up with you!

    • @yuchenchen8012
      @yuchenchen8012 5 лет назад +3

      @@sejungsong Well, no American is gonna associate the logo with Huawei. NBC is many times older than Huawei and I highly doubt NBC worries about logo recognition in its news market.

    • @marcuswilliam8856
      @marcuswilliam8856 3 года назад

      Thanks for the comments! don't forget to hit the subscribe button
      +1>9>37>9>30>5
      WASP

  • @umarlawal7695
    @umarlawal7695 3 года назад +3

    Investment is the stepping stones for success. Waiting for the government to provide is total waste

    • @faithmathew1821
      @faithmathew1821 3 года назад +2

      Miss Anna is legit and her method works like magic I keep on earning every single week with her new strategy..

    • @maryamumar7835
      @maryamumar7835 3 года назад +1

      Miss Anna have been handling my account for years now..

  • @BANYAT_W
    @BANYAT_W 3 года назад

    Thank you

  • @slowmopoke
    @slowmopoke 5 лет назад +2

    Marcus Goldman was born Mark Goldmann ] His family was Ashkenazi Jewish. His paternal grandfather was called Jonathan Marx

  • @kassim6154
    @kassim6154 5 лет назад +6

    Can you guys do one on BlackRock?

  • @RE2PECT
    @RE2PECT 5 лет назад +26

    Apple + Goldman Ballsack = taking over the world one iPhone at a time

    • @AdamSmith-gs2dv
      @AdamSmith-gs2dv 5 лет назад +6

      What? Only 20% of the world uses iPhones

    • @RE2PECT
      @RE2PECT 5 лет назад +2

      Adam Smith I’m talking about their new credit card with apple....

    • @davidkarin3443
      @davidkarin3443 5 лет назад +1

      I’m so happy I own stock in both companies, they just make me money

    • @davidkarin3443
      @davidkarin3443 5 лет назад

      John Marsh my portfolio says otheriwse

    • @LOSTGAM3R
      @LOSTGAM3R 5 лет назад +3

      Actual Factual... you know Jews have the highest average IQ, right?

  • @sanketmarutiraosonawane9519
    @sanketmarutiraosonawane9519 4 года назад +3

    Really interesting journey of GS. Curious to know about its future path.

  • @allanjasonmburu2186
    @allanjasonmburu2186 3 года назад

    awesome quality content cnbc

  • @25goose
    @25goose 5 лет назад

    CNBC the best👍

  • @kennedytorerit3690
    @kennedytorerit3690 5 лет назад +12

    The CNBC logo is like Huawei logo.

  • @stefanluginger3682
    @stefanluginger3682 5 лет назад +4

    They are from Bavaria? That’s what I guessed with that names. Goldmann und Sachs. 🤔 Incredible there were two wars between the countries.

  • @cinderellabridez
    @cinderellabridez 4 года назад +5

    This video is so inspiring!

  • @thugfragility
    @thugfragility 3 года назад

    My very first credit card I got two years ago was from Goldman Sachs, via Apple. And I love it. So damn convenience to never have to carry a wallet ever again. My Apple card is still in the case it came in.

  • @stevecole9422
    @stevecole9422 5 лет назад +16

    A DJ CEO, that alone makes me want to run away from doing any business.

  • @kingraghavsahni
    @kingraghavsahni 5 лет назад +3

    they are the smartest guys in the room. don’t play with 🔥

  • @TheFinancialController
    @TheFinancialController 4 года назад +8

    “Too big to fail” describes GS’s bonus scheme!

  • @esq.m7076
    @esq.m7076 4 года назад +1

    Risk Management is a global pre-need and synergistic reality ... to everyone in business ❤️👍🏼

  • @FinanceInvestNetwork
    @FinanceInvestNetwork 3 года назад

    the strategy is just wonderful

  • @ohcrapitsmrG
    @ohcrapitsmrG 5 лет назад +10

    GS isnt like silicon valley. GS knows how to interept the law funny and has people in power to give them a break. More like legal gangsters.

    • @brandonsimpson90
      @brandonsimpson90 5 лет назад +1

      when you have that many people working towards one goal yeah you would obviously get the results they have.

  • @philipkempbell7174
    @philipkempbell7174 5 лет назад +7

    Goldman Sachs provided the the thirty pieces of silver.

  • @auro1986
    @auro1986 5 лет назад +16

    this is what happens when you complicate things to cheat people

  • @mohammadmousa9797
    @mohammadmousa9797 4 года назад +1

    Wow... this big big big game, I liked

  • @michalk7777
    @michalk7777 5 лет назад

    Risk of losing capital is one thing but recording this video while facetiming with 9% of a battery 7:41. Maaan this guy is another beast

  • @ThePiinkcoco
    @ThePiinkcoco 5 лет назад +10

    I like caviar on my cheeseburger though

  • @daveotuwa5596
    @daveotuwa5596 5 лет назад +6

    0:36 This Korean descendant reporter's last name is a real word.

  • @stevewill3572
    @stevewill3572 4 года назад +10

    It is sickening the fact these criminals just walk into the White House. It will come to an end one day soon.

  • @3883melange
    @3883melange 3 года назад +1

    So incredible!!