Lloyd Blankfein

I said, I want everybody...

to be called for a false start because they hear the gun so much quicker than anybody else they get off the mark.

And so that's the exercise you can do.

Now, some people are more intuitive.

Some people see things.

But what I really do is, what I really think for most people is that they've thought about that, I think X and Y and Z could happen.

If this happens, this is what I'm going to do.

You know, we have a lot of kind of tech entrepreneurs and just tech people in general kind of in our audience.

I'm curious...

You know, how did you think about technology during your time at Golden?

And, you know, what role did it play kind of in evolving the firm?

I'm sure it changed the markets business even, you know.

Oh, my God.

We were always – the technology was always changing everything.

And, you know, in the – by the way, in a lot of what we – not everything, but a lot of things in finance, it's win or take all.

Totally.

You know, if you put your – I mean, I'm sure the world has moved on, but even, you know, even a few years ago –

If you, you know, if you had a, you know, if you had a risk, you know, an execution system that communicated digitally back to the floor of the exchange, you wanted your computers a half a block closer to the exchange than everybody else's because the milliseconds mattered.

Yeah.

not only mattered, it was winner-take-all.