Bob spearheaded some of the more risky trading businesses, the proprietary trading businesses in which the firm did so well in the 1980s and the 1990s, ... Those brought a lot more risk to Goldman Sachs and with it, an enormous jump in profitability.

I believe that turmoil of 1994 scarred the firm in such a way that it believed it needed a steady source of capital, permanent capital, that something like 1994 should never happen again, ... and that the way to keep something like that from ever happening again, one of the ways, was to take permanent capital from public shareholders.

Goldman Sachs' name got dragged through the mud in this. Goldman Sachs was written about in almost every major news publication in a negative light because of their involvement with Robert Maxwell.

It's a stone tower with really nothing flashy about it, ... No fancy art, no expensive, you know, Chinese rugs. I mean it really is very discreet -- and very pedestrian.

Early in the morning before school started he would have high school seniors come in to the trading floor and play cards with him, ... poker, bridge -- any sort of game where there's a strategy involved, the way that was remembering the cards, where he could watch people's minds and see how they thought and see how analytical they were. And those who were good players got hired as traders.

Never take advice from someone who is swift to speak and slow to listen, or swift to listen and slow to speak.