Lloyd Blankfein

It's like, if you're so good at predicting the future, tell me what's going to happen next.

Yeah, so again, when pundits come up and said, well, I know this or that.

So look, when anybody tells me, oh, I knew this, and I said, well, if you were so prescient, tell me what happens next.

And they're always, oh, well, it was easy then.

And by the way, when somebody's telling me,

about the certain future, I say, you know something, did you know that we would be doing this today?

If you didn't know those things, why are you so sure that you know the future?

People don't know this stuff.

I'd say most of what we do with respect to risk

is not so much predicting and not so much forecasting.

It's a lot of contingency planning.

And if you're a good contingent and you go around the table, what could happen?

Don't tell me about the probabilities of the improbability.

What could happen?

And again, we said this before, what are you going to do about it?

But the act of going through that thing makes you so alert and on it when things get triggered and you so have a plan, you get off the mark so quickly that people think you did anticipate it.

But when you really did is you heard the gun go off before anybody else.

You know, and I don't know why I use sports analogy, I'm not the best sportsman in the world, but I know that in track and field,

If they shoot the gun off, but you leave within a tenth of a second after it, they call a false start because your reaction time is at least a tenth, so you're not allowed to anticipate a start.

And they'll call a false start.