The Minutes of Bill Gurley on investment banks https://minutesof.com/bill-gurley/on/investment-banks/ Everything Bill Gurley has said on investment banks: 3 verbatim quotes between September 2019 and September 2021, each with a timestamp and a link to the… en Sun, 30 Aug 2026 16:22:06 +0000 Gurley claims legacy IPO process transferred $200 billion over forty years to bank clients, $30 billion last y https://minutesof.com/q/96c4676b-42ca-4cb3-9b36-0a4d47a8a256/ https://minutesof.com/q/96c4676b-42ca-4cb3-9b36-0a4d47a8a256/ “the legacy IPO process has devolved into this process where a huge one day gains are transferred from the investment banks to their trading clients.” — CNBC Television Tue, 28 Sep 2021 12:18:07 +0000 investment banks Gurley presents data showing top-tier investment banks deliver the worst IPO execution over a decade and 100+ https://minutesof.com/q/bd1f6c4e-b79f-4d25-9694-f171065f5211/ https://minutesof.com/q/bd1f6c4e-b79f-4d25-9694-f171065f5211/ “So this is ten years of data, a decade of data over a 100 IPOs, per underwriter. And what you see is astonishing.” — CNBC Television Tue, 10 Sep 2019 17:45:20 +0000 investment banks Gurley argues top investment banks deliver worst IPO execution, unlike any other market where quality correlat https://minutesof.com/q/73b7d583-c76b-432e-9fde-e6f6b235bed9/ https://minutesof.com/q/73b7d583-c76b-432e-9fde-e6f6b235bed9/ “So it turns out that if you go with the best investment bank, you get the worst execution. And that is that's remarkably odd.” — CNBC Television Tue, 10 Sep 2019 17:45:20 +0000 investment banks