Everything They Teach You At Goldman Sachs

The gist

1. Sanchez's mentor said your first $500K of investing is for losing, so she makes mistakes on others' money and asks whose capital she can use.
2. Each year she suggests cutting the bottom 20% of clients, habits and people, and owning failures honestly instead of spinning them.
3. She went through 7 to 12 interviews to get into Goldman and urges chasing hard-to-enter rooms rather than easy doors.
4. Sanchez says duration is the only lever when you're young and behind; she arrived before a 6:30 a.m. manager and left after him.
5. She argues partnerships beat startup equity for wealth and urges small off-market deals with trusted people, starting with $1,000 to $10,000.