Lloyd Blankfein

By the way, that's another schism between the Valley and finance.

So you could be, you know, I looked at, you know, Robinhood, great company, but early on, you know, they declared a kind of, they declared that they had government-insured accounts that weren't government-insured.

They had some slip-ups and a lot of apologies get made.

You could do that.

We weren't allowed to do that.

We had to run things 50 times and had to be perfect the last 49 times before we could go that way.

So we would always have the technology that we knew worked, inefficient as it was compared to the new, and simultaneously run.

And when we got confidence in the new system,

We implemented that, and then there was a newer system that we were also beta testing at the same time.

So technology in the first instance always augmented our costs, never detracted from it.

But as we went from one lily pad to another, things got better and more efficient.

But we were always, always, always testing new stuff and always geared towards it and always very efficient.

anxious about what would happen if somebody trumped us on something.

By the way, in addition to execution capabilities and things that go to the efficiency, we also, you know, our risk systems, by the way, we had a huge technological advantage because of what we invested in early on.

Yeah, we did a similar podcast with Marty Chavez a couple of years ago, and he really credits you for helping kind of drive support or maybe adoption of SecDB, kind of, you know, as you took over more parts of the firm, you know, getting everybody to kind of... Yeah, I don't know if I accept, whether or not, you know, except for blame, I accept anything that comes my way.

But we did have very good early stage risk models.

By the way, SecDB, which is, you know, which was a kind of a risk management system that we had and

you know, it's kind of modular whereas other things were kind of rigid, you know, we can always, you know, change things.

It was so good and so flexible that I think it's like the system must be between 25 and 30 years old and the core of it is still implemented.

The only thing I know like that, and I once tweeted this out, because the battery, I still have my HP12C