Blankfein, Bloomberg Offer Advice for New Graduates

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June 3 (Bloomberg) -- Goldman Sachs Chairman and CEO Lloyd Blankfein and Founder and Majority Owner of Bloomberg LP, the parent company of Bloomberg News, Michael Bloomberg discuss their advice to college graduates on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)

Graduating school?

You spoke at harvard commencement last week.

It seems that these millenials have lots of opinions and big dreams, but they do not sound like great listeners.

In my mind i remember being a great listener just like i remember doing a great athlete, but i have a feeling we're all lying.

Do you feel this dinner ration wants to work hard -- generation wants to work hard and learn?

They see mark zuckerberg and others.

Doing that is like winning the lottery, you have to work your way up, there is going to be a struggle of ups and downs.

That is just the way the world works.

I do not know people who have been successful without a lot of downs in their careers.

It does not give you pause to hear from young people who want to not work on the weekend, who do not want to work for the man, who want to be part of a community?

It is darwin at work.

What you mean?

They will not be successful.

You can always buy a lottery ticket, but if you're going to get into goldman sachs or at bloomberg or at the local corner store, you have to work very hard.

You have to work collaboratively, cooperatively, you have to be honest, and you have to be flexible.

If you want to tell me that you do not want to do that, i would not want to hire you.

I want to know what you want to do.

I used to write letters, i typed them out again and again until i caught them right, i eventually got a job and work my way up.

Every summer i had a job in college, and high school i had part-time jobs.

We did not know when he buddy -- anybody.

The only people we knew whose names were in the paper were in the obituary or crime sections.

I did not know when he buddy, and you just go out there and do it.

I think that that opportunity is there.

I do not think that most kids fit into this millenial that is too good for this.

If there are a handful of them, they are in for a rude awakening.

There are students at elite schools who do not want them speaking at their commencements.

Some of the things that are being done, and some of the things that are being said are age-appropriate, and if you look at what people are doing as opposed to what they are saying i complained like crazy about the long hours i had, the time i spent as a lawyer when i started out.

I complained for hours and hours about how late i had to stay, but i worked.

I think today they are doing the same thing, the equivalent thing.

I spent time proofreading things, delivering things, collating things, that does not have to be done today but they are working equivalently, absorbing a lot more information , distributing with a lot greater effect.

I get older every year, but the kids starting out stay the same age.

I always talking to this group that is coming in and they seem to be equivalently motivated and anxious about their careers.

What motivated you today?

If you like what you're

This text has been automatically generated. It may not be 100% accurate.

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