Beating investment bankers in their own game must feel amazing :) Maybe board should lower the teams that made the decision. How hard it can be create a model and calculate. Apple is better at Finance than GS.
Who is "beating" someone here? In adult reality, Apple are likely "concerned" rather than "feel amazing" if this isn't sustainable for their strategic partner. If your wife is miserable, you'd be dumb to think "I am better at marriage than she is" because eventually it's going to end.
Also. Businesses make bets. GS made a bet on consumer finance and on this deal in particular. You hope that every bet will work out, you know some won't and that's fine as long as you have more wins than losses. GS seems fine holistically so seems like they are taking a calculated amount of risk.
Are we talking about GS that has direct access to money printer and cheaper credit so they have certain revenue and profit no matter what? In the other hand, Apple creates hardware and software with real world risk. Supply chain risk etc. They are not like they can just manipulate markets to make billions for their staff. That game.
xyzelement|2 years ago
Also. Businesses make bets. GS made a bet on consumer finance and on this deal in particular. You hope that every bet will work out, you know some won't and that's fine as long as you have more wins than losses. GS seems fine holistically so seems like they are taking a calculated amount of risk.
anon1199022|2 years ago