Liz Hoffman
speaker
299 appearances
5 recordings
1 series
first heard Aug 2017
last heard Aug 2020
Liz Hoffman’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Investment Banks' Newest Revenue Source: The HR Department · 14 Feb 2019
podcast
for these companies that might go public at these huge valuations.
And so that has its own financial and sort of someone's got to manage all of that.
And when your shares are, when they vest, they have to give them to you.
And if you want to sell them, they've got to manage that cash.
And so there's a real opportunity for these banks in Silicon Valley where they obviously have pretty deep roots with startups and IPOs and that kind of thing.
Thanks for having me.
This is Your Money Matters from The Wall Street Journal.
Yes, is the short answer.
But it goes back, I mean, it's a much longer story than the last couple of months.
What you've got to remember about Goldman is that they're very good at two things.
Very good at managing risk, and they're very good at doing things that are really complicated.
Post-crisis, right?
I mean, you've watched it.
The stock market just keeps chugging higher and higher and higher.
Volatility is at all-time lows.
It seems like you can just hold out a bucket and make money in the market.
So you don't really need Goldman.
You don't need to call them and have them build something complicated and risk-managey for you.
You just go out and buy an ETF and pay 10 basis points and just watch the money come in.
Yeah, they built their trading business over a long period of time, and their largest client base are hedge funds and other banks, both of which have had a really tough 10 years.
Showing 221–240 of 299 · page 12 of 15
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