Goldman Sachs was the largest wholesale funder in the world 10 years ago, which is a position the firm did not want to hold because wholesale funding is unstable compared to retail deposits.

factualpending

Speaker

David Solomon

Evidence Quote

We were the largest wholesale funder in the world 10 years ago. There are a lot of things you want to be the largest in the world. Wholesale fund not one of them.

Source

Ben Horowitz and David Solomon: The Sweetest Macro Spot in 40 Yearsa16z
Created: 8/12/2026, 10:05:59 PM

My Notes

Loading notes...