---
title: "Meaning & Key Takeaway of: Everyone thinks Goldman is so fucking…"
description: "\"“Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right valuation, you shouldn’t assume it’s correct jus..."
image: "https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg"
---

#  Everyone thinks Goldman is so fucking smart,” he railed…

![“Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right valuation, you shouldn’t assume it’s correct just because Goldman said it. My brother works at Goldman, and he’s an idiot!” quote by Andrew Ross Sorkin](https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg)   [Download](https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg) [Open image](https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg)

> ““Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right valuation, you shouldn’t assume it’s correct just because Goldman said it. My brother works at Goldman, and he’s an idiot!””

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

## About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Blind trust in authority is flawed; expertise does not guarantee correctness, and personal bias can corrupt judgment.

**In simple terms:** Authority isn’t infallible.

Key Takeaway

Critically evaluate expert claims.

Themes

critical thinking authority bias financial analysis

Mood

wry cautious

Type

financial commentary personal anecdote

When to use this quote

- investment decisions
- reading analyst reports
- evaluating news sources

Key Concepts

cognitive bias institutional trust

Practical Applications

- cross‑check expert opinions
- recognize personal bias

Questions to Reflect On

- How do you balance respect for expertise with healthy doubt?
- What signals indicate an expert’s bias?

A Different Perspective

Over‑skepticism may lead to dismissing valuable expertise.

★ ★ ★ ★ ★   No ratings yet

[Customer](https://sms4smile.com/quotes/about/customer/)

## Related quotes

> [“The author and screenwriter William Goldman says that "the key to all story endings is to give the audience what it wants, but not…](https://sms4smile.com/quotes/jon-steel/the-author-and-screenwriter-william-goldman-says-that-the-key-to-all/)

Jon Steel

> [“Once you start to speak, people will yell at you. They will interrupt you, put you down and suggest it’s personal. And the world…](https://sms4smile.com/quotes/audre-lorde/once-you-start-to-speak-people-will-yell-at-you-they-will-interrupt/)

[Audre Lorde](https://sms4smile.com/quotes/author/audre-lorde/)

> [“Asking a question whose echo has been heard each time America went to war since, Goldman said, “How else is the world to take…](https://sms4smile.com/quotes/james-mcgrath-morris/asking-a-question-whose-echo-has-been-heard-each-time-america-went-to/)

[James McGrath Morris](https://sms4smile.com/quotes/author/james-mcgrath-morris/)

> [“Lying alone in bed in New York City, an anxious Goldman decided she could get the money Berkman needed to buy a weapon and…](https://sms4smile.com/quotes/james-mcgrath-morris/lying-alone-in-bed-in-new-york-city-an-anxious-goldman-decided-she/)

[James McGrath Morris](https://sms4smile.com/quotes/author/james-mcgrath-morris/)

> [“There was more than one way to think about Mike Burry’s purchase of a billion dollars in credit default swaps. The first was as…](https://sms4smile.com/quotes/michael-lewis/there-was-more-than-one-way-to-think-about-mike-burry-s-purchase-of-a/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [I understand Goldman Sachs businesses. We do lot of business with him, and GE has been - I think it's the longest running stock…](https://sms4smile.com/quotes/warren-buffett/i-understand-goldman-sachs-businesses-we-do-lot-of-business-with-him/)

[Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/)

> [“By early 2005 all the big Wall Street investment banks were deep into the subprime game. Bear Stearns, Merrill Lynch, Goldman Sachs, and Morgan…](https://sms4smile.com/quotes/michael-lewis/by-early-2005-all-the-big-wall-street-investment-banks-were-deep-into/)

[Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/)

> [“People aren't pissed just to be pissed. They're mad because a tiny group of crooks on Wall Street built themselves beach houses in the…](https://sms4smile.com/quotes/matt-taibbi/people-aren-t-pissed-just-to-be-pissed-they-re-mad-because-a-tiny/)

[Matt Taibbi](https://sms4smile.com/quotes/author/matt-taibbi/)

> [“The bottom line is that wealth can be concentrated somewhere, but that doesn’t also mean that’s where it’s being created. This is just as…](https://sms4smile.com/quotes/rutger-bregman/the-bottom-line-is-that-wealth-can-be-concentrated-somewhere-but-that/)

[Rutger Bregman](https://sms4smile.com/quotes/author/rutger-bregman/)

> [I believe that if you go and ask a chief executive of a Goldman Sachs or a BP, and they answer you honestly they…](https://sms4smile.com/quotes/ian-bremmer/i-believe-that-if-you-go-and-ask-a-chief-executive-of-a-goldman-sachs/)

[Ian Bremmer](https://sms4smile.com/quotes/author/ian-bremmer/)

> [I have a very clear perception what the Internet is in my mind. I'm free. I'm not defined by what they say is the…](https://sms4smile.com/quotes/matt-drudge/i-have-a-very-clear-perception-what-the-internet-is-in-my-mind-i-m/)

[Matt Drudge](https://sms4smile.com/quotes/author/matt-drudge/)

> [Barack Obama's large contributor was Goldman Sachs - same thing on the Republican side. If you go to both their conventions, you see the…](https://sms4smile.com/quotes/jesse-ventura/barack-obama-s-large-contributor-was-goldman-sachs-same-thing-on-the/)

[Jesse Ventura](https://sms4smile.com/quotes/author/jesse-ventura/)

> [Halloween's coming. Kids get very imaginative in my neighborhood. Last year, three kids showed up as Goldman Sachs executives and demanded 4.5 billion pieces…](https://sms4smile.com/quotes/jay-leno/halloween-s-coming-kids-get-very-imaginative-in-my-neighborhood-last/)

[Jay Leno](https://sms4smile.com/quotes/author/jay-leno/)

> [There are a few people out there with whom you fit just so, and, amazingly, you keep fitting just so even after you have…](https://sms4smile.com/quotes/lauren-f-winner/there-are-a-few-people-out-there-with-whom-you-fit-just-so-and/)

[Lauren F. Winner](https://sms4smile.com/quotes/author/lauren-f-winner/)

> [“I do not believe in the power of brand names or in emulating any of the brand name investors out there. It is a…](https://sms4smile.com/quotes/ziad-k-abdelnour/i-do-not-believe-in-the-power-of-brand-names-or-in-emulating-any-of/)

[Ziad K. Abdelnour](https://sms4smile.com/quotes/author/ziad-k-abdelnour/)

## More by Andrew Ross Sorkin

> [As a child, I always enjoyed - my parents used to have these little cocktail parties - and I always loved trying to get…](https://sms4smile.com/quotes/andrew-ross-sorkin/as-a-child-i-always-enjoyed-my-parents-used-to-have-these-little/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.](https://sms4smile.com/quotes/andrew-ross-sorkin/the-failure-of-lehman-may-have-allowed-the-government-to-do-more-to/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [When you can't lend or trade - and you can't invest with the leverage that juiced returns to support seven- and eight-figure bonuses -…](https://sms4smile.com/quotes/andrew-ross-sorkin/when-you-can-t-lend-or-trade-and-you-can-t-invest-with-the-leverage/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [Debt, we've learned, is the match that lights the fire of every crisis. Every crisis has its own set of villains - pick your…](https://sms4smile.com/quotes/andrew-ross-sorkin/debt-we-ve-learned-is-the-match-that-lights-the-fire-of-every-crisis/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [It's the people who have an incentive to find the problem who usually find the problem.](https://sms4smile.com/quotes/andrew-ross-sorkin/it-s-the-people-who-have-an-incentive-to-find-the-problem-who-usually/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing…](https://sms4smile.com/quotes/andrew-ross-sorkin/in-truth-in-the-fairy-tale-version-of-bailing-out-lehman-the-next/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [Some billionaires like cars, yachts and private jets. Others like newspapers.](https://sms4smile.com/quotes/andrew-ross-sorkin/some-billionaires-like-cars-yachts-and-private-jets-others-like/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it…](https://sms4smile.com/quotes/andrew-ross-sorkin/no-one-suggested-lehman-deserved-to-be-saved-but-the-argument-has/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [“This generation of Wall Street CEOs could be the ones to forfeit America’s trust. When the history of the Great Recession is written, they…](https://sms4smile.com/quotes/andrew-ross-sorkin/this-generation-of-wall-street-ceos-could-be-the-ones-to-forfeit/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [“There are no atheists in foxholes or ideologues in a financial crisis. Ben Bernanke”](https://sms4smile.com/quotes/andrew-ross-sorkin/there-are-no-atheists-in-foxholes-or-ideologues-in-a-financial-crisis/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [Wall Street is littered with clever plans to use financial instruments to change behavior - carbon trading, for example. Some have changed the world,…](https://sms4smile.com/quotes/andrew-ross-sorkin/wall-street-is-littered-with-clever-plans-to-use-financial/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [I don't sleep well. I'm a very nervous - by my nature - anxious, almost paranoid person and reporter.](https://sms4smile.com/quotes/andrew-ross-sorkin/i-don-t-sleep-well-i-m-a-very-nervous-by-my-nature-anxious-almost/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [I was always one of those people who would watch the Super Bowl as much for the sports as I did for the ads.…](https://sms4smile.com/quotes/andrew-ross-sorkin/i-was-always-one-of-those-people-who-would-watch-the-super-bowl-as/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [“While the financial crisis destroyed careers and reputations, and left many more bruised and battered, it also left the survivors with a genuine sense…](https://sms4smile.com/quotes/andrew-ross-sorkin/while-the-financial-crisis-destroyed-careers-and-reputations-and-left/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

> [“The numbers were, at best, guesstimates, and all three men knew it. The relevant figure would ultimately be the one that represented the most…](https://sms4smile.com/quotes/andrew-ross-sorkin/the-numbers-were-at-best-guesstimates-and-all-three-men-knew-it-the/)

[Andrew Ross Sorkin](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

[Explore all 53 Andrew Ross Sorkin quotes ](https://sms4smile.com/quotes/author/andrew-ross-sorkin/)

## More Customer quotes

> [“Start a business, not a startup”](https://sms4smile.com/quotes/anonymous/start-a-business-not-a-startup/)

[Anonymous](https://sms4smile.com/quotes/author/anonymous/)

> [Amongst the financial Twitterati, the term 'muppets' has come to describe any client used and abused by some financial predator. I've adopted the term…](https://sms4smile.com/quotes/barry-ritholtz/amongst-the-financial-twitterati-the-term-muppets-has-come-to/)

[Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/)

> [Many early-stage entrepreneurs make one simple mistake: Describing this 'big picture' in vague concepts and words.](https://sms4smile.com/quotes/sunil-nagaraj/many-early-stage-entrepreneurs-make-one-simple-mistake-describing/)

[Sunil Nagaraj](https://sms4smile.com/quotes/author/sunil-nagaraj/)

> [The purpose of this book is to supply, in the form suitable for laymen, guidance in the adoption and execution of an investment policy.](https://sms4smile.com/quotes/benjamin-graham/the-purpose-of-this-book-is-to-supply-in-the-form-suitable-for-laymen/)

[Benjamin Graham](https://sms4smile.com/quotes/author/benjamin-graham/)

> [Don't think OF the market. Think AS the market.](https://sms4smile.com/quotes/michael-fishman/don-t-think-of-the-market-think-as-the-market/)

Michael Fishman

> [If Wall Street crashes, does Main Street follow? Not necessarily.](https://sms4smile.com/quotes/ben-bernanke/if-wall-street-crashes-does-main-street-follow-not-necessarily/)

[Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/)

> [The exact details of how you practice value investing will vary investor to investor, but the fundamental principle of scouring the world, looking for…](https://sms4smile.com/quotes/whitney-tilson/the-exact-details-of-how-you-practice-value-investing-will-vary/)

[Whitney Tilson](https://sms4smile.com/quotes/author/whitney-tilson/)

> [The best way to hold customers is to constantly figure out how to give them more for less.](https://sms4smile.com/quotes/philip-kotler/the-best-way-to-hold-customers-is-to-constantly-figure-out-how-to/)

[Philip Kotler](https://sms4smile.com/quotes/author/philip-kotler/)

> [Perhaps the most important reason to be skeptical of government inflation numbers is that the government, like a fox campaigning to guard a hen…](https://sms4smile.com/quotes/peter-schiff/perhaps-the-most-important-reason-to-be-skeptical-of-government/)

[Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/)

> [When the dollar collapses, it's not doing it in a vacuum. If the dollar loses value, it's doing so relative to some other currency.…](https://sms4smile.com/quotes/peter-schiff/when-the-dollar-collapses-it-s-not-doing-it-in-a-vacuum-if-the-dollar/)

[Peter Schiff](https://sms4smile.com/quotes/author/peter-schiff/)

> [Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying…](https://sms4smile.com/quotes/marc-ostrofsky/corporations-invest-in-sophisticated-crm-or-customer-relationship/)

[Marc Ostrofsky](https://sms4smile.com/quotes/author/marc-ostrofsky/)

> [I believe confusion is good. Worldwide market leaders gain when there is confusion in the market.](https://sms4smile.com/quotes/subhash-chandra/i-believe-confusion-is-good-worldwide-market-leaders-gain-when-there/)

[Subhash Chandra](https://sms4smile.com/quotes/author/subhash-chandra/)

> [Damn inflation, full speed ahead,' Greenspan has said in both action and word. I think an investor should believe him and invest accordingly.](https://sms4smile.com/quotes/bill-gross/damn-inflation-full-speed-ahead-greenspan-has-said-in-both-action-and/)

[Bill Gross](https://sms4smile.com/quotes/author/bill-gross/)

> [“When companies get big, they devote most of their care and feeding to the business that got them big. This is as it should…](https://sms4smile.com/quotes/eric-schmidt/when-companies-get-big-they-devote-most-of-their-care-and-feeding-to/)

[Eric Schmidt](https://sms4smile.com/quotes/author/eric-schmidt/)

> [“Salesmanship is usually the art of making it the prospect’s problem, the salesperson’s need or desire to earn money.”](https://sms4smile.com/quotes/mokokoma-mokhonoana/salesmanship-is-usually-the-art-of-making-it-the-prospect-s-problem/)

[Mokokoma Mokhonoana](https://sms4smile.com/quotes/author/mokokoma-mokhonoana/)

[Browse all 9,257 Customer quotes ](https://sms4smile.com/quotes/about/customer/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "Quotation",
            "text": "“Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right valuation, you shouldn’t assume it’s correct just because Goldman said it. My brother works at Goldman, and he’s an idiot!”",
            "creator": {
                "@type": "Person",
                "name": "Andrew Ross Sorkin"
            },
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "url": "https://sms4smile.com/quotes/andrew-ross-sorkin/everyone-thinks-goldman-is-so-fucking-smart-he-railed-just-because/",
            "about": {
                "@type": "Thing",
                "name": "Customer"
            },
            "@id": "https://sms4smile.com/quotes/andrew-ross-sorkin/everyone-thinks-goldman-is-so-fucking-smart-he-railed-just-because/#quotation",
            "image": {
                "@type": "ImageObject",
                "@id": "https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg",
                "contentUrl": "https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg",
                "url": "https://sms4smile.com/quotes/i/10f/andrew-ross-sorkin-12711_customer_everyone-thinks-goldman-is-so-fucking-sm_98386.jpg",
                "width": 1080,
                "height": 1080,
                "caption": "“Everyone thinks Goldman is so fucking smart,” he railed. “Just because Goldman says this is the right…” — Andrew Ross Sorkin",
                "creditText": "SMS4Smile Quotes",
                "creator": {
                    "@id": "https://sms4smile.com/quotes/#organization"
                }
            }
        },
        {
            "@type": "BreadcrumbList",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Andrew Ross Sorkin",
                    "item": "https://sms4smile.com/quotes/author/andrew-ross-sorkin/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "“Everyone thinks Goldman is so fucking...",
                    "item": "https://sms4smile.com/quotes/andrew-ross-sorkin/everyone-thinks-goldman-is-so-fucking-smart-he-railed-just-because/"
                }
            ],
            "@id": "https://sms4smile.com/quotes/andrew-ross-sorkin/everyone-thinks-goldman-is-so-fucking-smart-he-railed-just-because/#breadcrumb"
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```
