The Minutes of Bill Gurley on agency problem https://minutesof.com/bill-gurley/on/agency-problem/ Everything Bill Gurley has said on agency problem: 2 verbatim quotes from September 2019, each with a timestamp and a link to the recording it came from. en Sun, 30 Aug 2026 16:22:08 +0000 Gurley argues banks face a multiple agency problem, serving buy-side clients rather than the companies going p https://minutesof.com/q/8fa964f2-67a6-4e14-85d1-05c36e5f5859/ https://minutesof.com/q/8fa964f2-67a6-4e14-85d1-05c36e5f5859/ “There's an area of study in economics called, the agency problem, and and there's a the variant of it called the multiple agency problem.” — CNBC Television Tue, 10 Sep 2019 17:45:20 +0000 agency problem Gurley explains top banks deliver worst execution because they serve buy-side clients, not the company going p https://minutesof.com/q/401a6dbf-33c5-46b6-99f2-675af164c835/ https://minutesof.com/q/401a6dbf-33c5-46b6-99f2-675af164c835/ “So you've got an agent who's looking after multiple parties, the company, but guess what? Also the buy side.” — CNBC Television Tue, 10 Sep 2019 17:45:20 +0000 agency problem