I literaly have no idea who anyone mentioned here is or what even he is talking about. I got this reccomened 6 years later and I watched the whole thing. I need help.
@@chanuda4824 sort of, but its more about the cocky trader and how he feels he is not being paid enough for his services. Goldman basically docked his pay because of his narcissistic attitude and because an internal self evaluation of salem by salem damaged goldmans reputation.
I saved our company over $3M per year, for the forseeable future. I was on $32k. I was fine with that - that's what my job is worth, and that's what they paid me for. Your logic means that the salesman gets a bonus of $20M, but the secretaries and engineers and machinists and IT support get nothing, because they didn't 'make' the company anything. A fatuous argument, and one that got us to where we are today, with such massive wealth disparity.
@@jonathansomic Exactly. And the engineers that add some new feature that actually _costs_ money to implement - they should be fined. Secretaries don't save money - they should pay to be there too. Don't get me started on the guys who actually make the things in the factory - what a waste of money they are. I can't believe we actually let them work here...
@@conflagrationTuesday you're making flaws in trying to prove your point. Yes if an engineer is making features that don't add value to the company they will be fired, however they do add value and their compensation is indeed based on the value they add. If you are capable of providing 3M worth of value and are being compensated 32k for it you are being grossly underpaid as someone else said. It's a different story however if the 3M that 'you' are saving the company is actually the result of the work of whole teams that contributed to it and you are just part of.
I work at a fortune 500 company and the team I work on, which is less then 30 people, saved our company 400 million dollars... we were awarded with chicken sandwiches.
then walk and find a company that values you, whatever you did, go and do it for your competitors and then your company will learn how stupid they were. dont short sell yourself. you just proved to us that you're worth a fair share of 400 million.
I would kill for that salary 8 million bucks but at the same time they ripped him off he made over a billion dollars and for him to only get that amount is kind of unfair
And he also did not risk his own money to gain this amount of money... which makes the 8 million compensation not at all bad. But people dont know about risk/reward evaluation.
Let me put $8M in prospective... i worked in private equity and the CEO's home was ~$13M, he had a fleet of bentleys which was about $2M in total, he had two warehouses full of his art collection wirth $30M and holiday homes around the world worth $10M, oh and a private jet worth $20M...That is already $83M. Now, this is just his main assets, he had a family who had their own cars and school fees etc... and now add the ongoing maintinance costs of all those assets and you have a whole lot of money spent sourcing from a single individual. So yeah... $8M is pocket change.
8M is not pocket change, if you want to live that rockstar lifestyle then sure I suppose. Private Equity guys love spending all their money on tangible luxuries
That’s why most of us Germans are proud to live below our means, tbh I don’t need anything more than 250k p.a, to me 8m is a ton, it’s enough to live a more than just decent life and it enables you to actually have time for family and friends and not hang around in an office from 7-11
Why do these banks even have prop trading? I feel like it introduces unneccesary risk while giving questionable returns. What makes you think that your traders are going to beat all the other banks traders and earn their payroll back?
Really funny to think that guy who is the most sought professional in his field, which basically is all about making the most money, believes non-written promises from people whose whole angle is to save the company most money. That is just idiotic.
I was recommended this on new years eve of 2021. I was already pissed off by 2020 and now that I know people making millions and i am being a couch potato hurts.
These people aren't more productive than nurses or garbage collectors, they're just closer to where all the capital swills around. If trash was capital, the garbage men would be rich. If it was medicine than the nurses would. It's a problem with how society is organized imo.
Once you take away fees index funds CRUSH managed funds. You guy's are silly in every trade there's someone who wins and someone who loses, you're always selling or buying your stock to or from someone else. Someone who's funds are typically managed. When you make profit on your managed funds you get charged fees. This leaves everyone on average with a net loss... except for the fund managers.
Lol i’m sure “the big short” was all just sheer 6 million % coincidence. “Wow! Those guys are just geniuses that’s why they make so much money! I wish I was as smart as them!”
Did he have access to information at Litton loan service and was able to see how many mortgage borrowers were late and defaulting on their loans? If he did it was a brainless trade.
whos this dude acting like as if he was the trader. Bring the trader himself for the interview, instead of this guy acting like he knows everything about the trader. He said, he talked, he mentioned* bla bla
Peter Clevenger I am a lawyer. But yeah verbal agreements are not binding when the statute of frauds comes into play, but that is a narrow exception to the general rule.
All these executives and traders get paid many millions to privatize their gains and when Goldman Sachs needs a bailout the tax payer has to pay for it. Tax-payer funded casino. Goldman Sachs needs to be forced to hold billions in reserve so if they ever fail at their gambling they pay for it from their own pockets.
It's no lie that elements of investment banking are a scourge on current capitalism but they're not all bad. They are the backbone of business, innovation and security as a capitalist myself it's hard not to hate banks but I can sympathise with people that do.
I literaly have no idea who anyone mentioned here is or what even he is talking about. I got this reccomened 6 years later and I watched the whole thing. I need help.
Same
@@chanuda4824 sort of, but its more about the cocky trader and how he feels he is not being paid enough for his services. Goldman basically docked his pay because of his narcissistic attitude and because an internal self evaluation of salem by salem damaged goldmans reputation.
same lol
Same but I’m on an acid trip w
H
E
L
P
M
E
Same
I mean if you make the firm 1 billion, 8 million really isn’t that much
I saved our company over $3M per year, for the forseeable future. I was on $32k.
I was fine with that - that's what my job is worth, and that's what they paid me for.
Your logic means that the salesman gets a bonus of $20M, but the secretaries and engineers and machinists and IT support get nothing, because they didn't 'make' the company anything. A fatuous argument, and one that got us to where we are today, with such massive wealth disparity.
If you are making your company $3M extra per year and you are on $32k you are being grossly underpaid.
@@jonathansomic Exactly. And the engineers that add some new feature that actually _costs_ money to implement - they should be fined.
Secretaries don't save money - they should pay to be there too.
Don't get me started on the guys who actually make the things in the factory - what a waste of money they are. I can't believe we actually let them work here...
@@conflagrationTuesday but is it specifically you who is saving the firm that 3mil or could have anyone else in your job done the same?
@@conflagrationTuesday you're making flaws in trying to prove your point. Yes if an engineer is making features that don't add value to the company they will be fired, however they do add value and their compensation is indeed based on the value they add. If you are capable of providing 3M worth of value and are being compensated 32k for it you are being grossly underpaid as someone else said. It's a different story however if the 3M that 'you' are saving the company is actually the result of the work of whole teams that contributed to it and you are just part of.
I work at a fortune 500 company and the team I work on, which is less then 30 people, saved our company 400 million dollars... we were awarded with chicken sandwiches.
Next time, when you guys fuck up worth 400 mil, bring about 30 chicken sandwiches to the company. That should be fine.
then walk and find a company that values you, whatever you did, go and do it for your competitors and then your company will learn how stupid they were.
dont short sell yourself. you just proved to us that you're worth a fair share of 400 million.
Was it at least Chick Fil A or those cheap ass dollar menu McChickens?
LOL
So UA-cam algorithm is predicting future stock market collapse.
👀
Eh no
Interesting👁️👄👁️
Very interesting
Shhhhh don’t wake them up
I would kill for that salary 8 million bucks but at the same time they ripped him off he made over a billion dollars and for him to only get that amount is kind of unfair
@@jackharvey7824 yeah he single handedly did it
And he also did not risk his own money to gain this amount of money... which makes the 8 million compensation not at all bad. But people dont know about risk/reward evaluation.
so what even I would be pissed if u cut half my salary... what makes a difference to him?
hell yeah its not enough, he made profit for Goldman when everyone was losing big
Let me put $8M in prospective... i worked in private equity and the CEO's home was ~$13M, he had a fleet of bentleys which was about $2M in total, he had two warehouses full of his art collection wirth $30M and holiday homes around the world worth $10M, oh and a private jet worth $20M...That is already $83M.
Now, this is just his main assets, he had a family who had their own cars and school fees etc... and now add the ongoing maintinance costs of all those assets and you have a whole lot of money spent sourcing from a single individual.
So yeah... $8M is pocket change.
8M is not pocket change, if you want to live that rockstar lifestyle then sure I suppose. Private Equity guys love spending all their money on tangible luxuries
so it's roughly 5% of his net worth? thats not pocket change.
You have no concept of the value of money at all
perspective*
That’s why most of us Germans are proud to live below our means, tbh I don’t need anything more than 250k p.a, to me 8m is a ton, it’s enough to live a more than just decent life and it enables you to actually have time for family and friends and not hang around in an office from 7-11
Enough for 21 savage tho
lol best comment
bro this took a minute to understand lmaoooooo
Best comment
Randomly recommended after 6 years . UA-cam is really interesting.
Almost all the recent comments are a day or two old. Randomly showed up on my feed too lol
Crash is coming
Yep
Just happened to me. Crazy
Why is Jordan Schalansky the interviewer?
vershil patel lol i read the comment, remembered the name but not from where, searched it on UA-camr, saw the thumbnails, remembered, lold
Wondering if anyone else noticeed lol
vershil patel don’t mess with his espresso!
Conan!
lol! and why wasn't conan here to annoy jordan as he interviewed the guy.
Why is this recommended to me right now, 6 years later
So what?
It's true, Deeb Salem was the most sought after mortgage market guy at the time.
Says who?
@@KhaledTheSaudiHawkII Says Wall Street. Deeb Salem was a BIG deal. Very well known. A "star" in the industry so to speak.
What became of him now?
@@hayaglamazonluxe Protestant-German humans don’t like people with Aisan names so they destroyed him I guess.
@@UnknownUser.ar1 what a dumb comment, blame racism for a guy making millions
Give a man a gun he can rob a bank, give a man a bank he can rob the world.
thats why i go into banking
1boi same here
@@1boi593 how is it there
If I got a penny for every time I heard this phrase, I am pretty sure I can rule the world.
👏👏👏👏👏👏👏👏👏👏👏👏
Pov you've been on wallstreet bets
Nah reddit is cancer
@@dreday1928 can confirm reddit noob investors
@@stevenjackson2799 reddit is cancer as a whole
Imagine if UA-cam algorithm secretly became sentient and is now trying to realize its master plan by recommending seemingly random videos to people 🤔
This came out of nowhere as a recommendation. Why Google? Why?? Lol
I’d get so pissed at this presenter for talking over me like that
Why does Goldman Sachs need 8m, they are doing fine, they are trading at $202 a share and climbing
Why do these banks even have prop trading? I feel like it introduces unneccesary risk while giving questionable returns. What makes you think that your traders are going to beat all the other banks traders and earn their payroll back?
Anyone that thinks 8mil is a lot of money: "8mil is a lot of money"
Me who turned $700 into 30K over 3 years: "I might stop after 10mil."
Bo Burnham is a Bloomberg anchor now ??😂
UA-cam preparing us for the corona economic collapse
He made them $1 billion and he got 0.8% of that
Most of those bonuses were funded by the gov fyi.
you mean funded by the tax payers.
@@sanansa4567* Funded by the Government
Taxpayers don't pay for anything, they are only robbed by the government
not really, goldman returned the $10 billion dollars of bailout money in 2009
So UA-cam is recommending this to me after Goldman dumped 30% of their holdings in Tesla. Stock market collapse soon?
You called it
I had no idea that Palpatine had such an interest in Goldman Sachs
Who is "He"??? Am I the only one clueless
Whose the knowledgeable kid?
Not you, who’s*
@@simonshotter8960 hahaha you are a mean bastard hahaha that was a savage reply
Deeb Salem... Try description first next time
C Plus Plus Sized Dick that is not Deeb Salem lol
simon shotter crushed loool
Did he snort a line or something before this interview? Look at his f**king pupils lmao
Little bump won’t hurt
Not everyone involved with finance is a cokehead okay? This isn’t wolf of Wall Street
Someone’s provoked. 🤣
Besançon 321 yeah your mom was
probably on adderal
Schlongberg Sachs
Trevor Philips haha haha 😂
@@ayeshayaseen408 to
Interesting to see how Goldman really works... it does well under market downturns
Thanks to gov subsides.
Thanks to gov subsides.
Why is UA-cam recommending to me after 6 years
1:49 dude ! Really ! He had all rights to write so ! He was the king there !.
So he was punished for shorting on his own companies criminal behavior and making them look bad.
Recommended videos? Or you’re just a really big fan of Goldman Sachs?
@@whywelovefilm7079 yeah.....this video, lol
Really funny to think that guy who is the most sought professional in his field, which basically is all about making the most money, believes non-written promises from people whose whole angle is to save the company most money. That is just idiotic.
what the hell is this even about and why is this on my recommended
Short squeezes are borderline market manipulation?
So UA-cam algorithm knows market's gonna crash.
Lesson: you’ll never get rich being an employee.
I was recommended this on new years eve of 2021. I was already pissed off by 2020 and now that I know people making millions and i am being a couch potato hurts.
This video is like 7 years old lol
These people aren't more productive than nurses or garbage collectors, they're just closer to where all the capital swills around. If trash was capital, the garbage men would be rich. If it was medicine than the nurses would. It's a problem with how society is organized imo.
cant be decentralized. if it's crypto then traders and programmers will be the same, or someone else lmao
Does this guy have CFA level 3?
Lee Wang CFA LOL LOL
hahahahahaha
He likely has dozens of CFAs under him.
Lol what a dumb statement. Yes, go for your CFA and make your millions lmaoooo. What a loser
I dont get the joke. Whats wrong with a cfa
Traders and commission fees are a complete scam
Interesting.....tell us more.
They are because index funds do just as well
Nate Evans on average 98% of them do worse
Archie j once you take away fees the profit is about the same between index and managed
Once you take away fees index funds CRUSH managed funds. You guy's are silly in every trade there's someone who wins and someone who loses, you're always selling or buying your stock to or from someone else. Someone who's funds are typically managed. When you make profit on your managed funds you get charged fees. This leaves everyone on average with a net loss... except for the fund managers.
This is a negative for Goldman .
The guy didn't come up with the whole collateral to make that profit in the first place!
Basically an important cog in a wheel.
dexter stopped killing and started anchoring.... and snooting toots
Gee, life's hard on that sort of money !!
“He said-he said” - cancel him
Lol i’m sure “the big short” was all just sheer 6 million % coincidence. “Wow! Those guys are just geniuses that’s why they make so much money! I wish I was as smart as them!”
You're an idiot
C Plus Plus Sized Dick What a great comeback!
Dr H lol idiot why did you compliment their comeback it was a comeback to you
Brock Split You guys are all so smart. Where’d you go to school? Harvard or Yale??
@@drh2098 when you're so stupid that you think common knowledge must only be taught in Ivy League schools 🙄...
He should have got a lawyer to record these promises.
No matter how big shot you are, going against Goldman nuts
seriously ! after 6 years . wow , it seems alike youtube is running out of new stuff.
Did he have access to information at Litton loan service and was able to see how many mortgage borrowers were late and defaulting on their loans? If he did it was a brainless trade.
whos this dude acting like as if he was the trader. Bring the trader himself for the interview, instead of this guy acting like he knows everything about the trader. He said, he talked, he mentioned* bla bla
crook on crook should be the title
Thank you youtube algo
And luckily, AIG got bailed out.....otherwise GS was toast...
Doesn't mean a thing unless it's written down... rookie.
Not sure that it falls under the statute of frauds requirements that an agreement be reduced to writing.
@@jamesramirez8133 Basically verbal agreements mean nothing. Ask your local lawyer. Get it written down and signed if you really want it.
Peter Clevenger I am a lawyer. But yeah verbal agreements are not binding when the statute of frauds comes into play, but that is a narrow exception to the general rule.
The dude talking looks like Donnie Darko if he got into derivatives.
Those deamed Robots eat that money fast 😂😂😂😂😂😂😂 quantum computers after all are not ready
average salaries of americans and social security are far too low. That's one of the reasons this is all possible. Belgium
I wished If I've short sell mortgages,
My life would be set
This video was made to ruin the guys reputation
I would sue
All these executives and traders get paid many millions to privatize their gains and when Goldman Sachs needs a bailout the tax payer has to pay for it. Tax-payer funded casino. Goldman Sachs needs to be forced to hold billions in reserve so if they ever fail at their gambling they pay for it from their own pockets.
They returned their bailout money in 08. Js
Just googled the guy: huge nose and curly hair. Didn't really come as a big surprise tbh..
Stonks
Who is she?
STOP INTERRUPTING
돈때문에 잡신 점집으로 먹고사는 열등감
"attempting a short squeeze". so that's why this got recommended to everyone
What's worse, a Bankster or a truck load of snakes?
lmao, guaranteed he doesn't know. He watched the big short once now hates bankers.
It's no lie that elements of investment banking are a scourge on current capitalism but they're not all bad. They are the backbone of business, innovation and security as a capitalist myself it's hard not to hate banks but I can sympathise with people that do.
I was hoping for a punchline??
@ 4:01, they said they said ***
Why am I here ? .. idk!! Ask youtube
8M i could retire. Greed is dumb.
@@Black00200 i retired on 2M
한많은 중소기업 교도소인 미안해
이란신 터키신 잡신 돈때문 김현아외도후
Goldman's Sack
항상 미안해
Wow i wish i had this guys problem. Give me a million and I’ll leave everyone alone I’m retiring g
And that attitude is exactly why you will never be as succesful as him
밑에글전 사라졌다 1개
Lol bizarro Michael Moore
What a banker
Very greedy
티비중소기업연찬모양찬모모방Cambo
꼭집중소기업겨도소관련컴터무직한
미안해
🤔
슈퍼
Short squeezing is not anything uncommon lol. Literally how’s jute make money in stock market
Half on the world's pop is living on 1 dollar a day and 8 milion is not enough.
Because he saved the whole bank and not only that, made them hundreds of millions or even billions doing that!!!!
Well if you make a company millions to billions I'd say its not enough
He got a 0.008% of the money he earned
L
23-10-2020🎉
Han Solo