Last quote by Lloyd Blankfein
Lloyd Blankfein quotes
My base case is this can keep on going.
After a challenging first half, the firm performed well for the remainder of the year as the operating environment improved.
These five leaders have distinguished themselves in their respective areas of expertise, and I look forward to working with them in formulating and executing our global strategy. They have consistently demonstrated their unwavering commitment to Goldman Sachs, our clients and our people.
Michael has played a vital role in establishing and growing our franchise in Europe and around the world.
We are dissuaded from growing into certain activities that are capital-intensive, and it's easier to grow into other areas that are more favored by the regulators and capital rules.
That omelet has been made; that toothpaste is out of the tube. I wouldn't want regulation to be repealed in toto. If you want to be good for bankers, you have to have policies that would be good for economic growth.
I'm going to see how it goes before I become mournful.
He will start to think not about getting elected but about what his legacy is going to be. I assume you go into that office and you think about your place in history and things change.
Change is often the agent of progress in ways that we can't always readily see in the early days.
One of the risks that are inherent in this interest rate policy that we have is that assets are being pumped up almost indiscriminately. That's not necessarily a good market for people like ourselves.
We could parse that clause by clause, but to every clause, the answer is 'no, we weren't doing it.' We weren't meeting in secret and we certainly weren't plotting destruction.
Almost all the businesses that we have correlate with growth.
Now, this isn't the worst of markets, and it surely not the best of markets. Prices are high.
We're not just waiting, sitting around, singing 'Kumbaya,' waiting for markets to come back and opportunities that we think are going to be important in the future to rally. We're also doing other things that we can do.
We saw solid performance across the franchise that helped counter typical seasonal weakness. We continue to manage our balance sheet conservatively and are benefiting from the breadth of our offerings to clients.
There's not a sport – there's not an activity – in life where if you have a really hard grip, you're actually better. Whether it's baseball or golf or kicking a ball, the looser you are, the further the thing goes. If you're tight, you're not necessarily better.
Despite the uncertainty created by Brexit, we achieved solid results by continuing to serve our clients across our diversified franchise and by managing our business efficiently.
We respect the decision of the British electorate and have been focused on planning for either referendum outcome for many months. Goldman Sachs has a long history of adapting to change, and we will work with relevant authorities as the terms of the exit become clear. Our primary focus, as always, remains serving our clients' needs.
The operating environment this quarter presented a broad range of challenges, resulting in headwinds across virtually every one of our businesses.
We are pleased to have reached an agreement in principle to resolve these matters.