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HomeGoldman’s Easy Money Days Are Over
Posted by Larry Doyle on January 21st, 2010 11:32 AM |
If I had a nickel for the number of people who have asked me how Goldman Sachs makes money, I would have a lot of nickels.
Goldman Sachs as a company is easily vilified. America always wants a villain when times are tough. Goldman makes the most money on Wall Street so they must be the ‘baddest’ guys. Well, generally speaking people are never as good nor as bad as they may seem. Look at Tiger Woods. He fooled America for a good long time. The fact is, Goldman Sachs mastered a business model which no other Wall Street enterprise fully embraced. I am certainly not a Goldman apologist and believe they very likely took advantage of situations that drove enormous profits. I highlighted the Goldman business model last July in writing, “How Does Goldman Sachs Operate?”: >> (more…)
