Lloyd Blankfein
π€ SpeakerAppearances Over Time
Podcast Appearances
By the way, I think about that when I'm dealing with someone else.
Are you going to stand by this?
Are you going to shut down and open up a firm with a different name with three different partners later?
I mean, I think Goldman coined the phrase like long-term greedy.
I think that was one, you know, but you're right.
Like, you know, it's about relationships not being transactional.
And also you're going to go through life.
And I would say this to new people in the firm.
you know, the dopey people that's even for the most junior person, the dopey analyst in your class, roll the clock, you know, you can't imagine this.
And believe me, looking at you, I can't imagine it either.
But your cohort is going to run for all the important institutions 35 years from now, or 30 years from now, or 20 years from now.
And you're going to make
Your reputation with those people 30 years from now, believe it or not, are going to be how they remember you act today in this crisis or regularly.
And you must see that yourself.
You came up, we were talking about before, people you knew at Goldman, and they become fixed in your mind at certain things.
So he said, remember, keep in mind,
That, again, this cohort, that you're a cohort going through this, and I thought about that in our business.
The financial crisis now is old.
But let me tell you, there are grudges and memories and good feelings and hard feelings that come out of that that are sticky.