Quotes

Today, however, the decision by an investment bank to underwrite a security no longer represents a sincere instittuional judgement that investors should hold a

What retail does have in common with banking is that it is all about sales. …Mack was a proud, gruff man. In the instances

what makes a survivor is not entirely predictable. Certain qualities seem particularly useful, however. Wisdom in choosing alliances and ruthlessness in abandoning them when

example of buruacracy at Goldman

“Goldman would not back gambling companies, because they were thought to provide no benefit to society”.

Perhaps chance is God’s pseudonym, when He does not wish to sign His name.

stop: in 1976 the average CEO was paid 36 times as much as the average worker. By 1993, the average CEO was paid 131

That morning, Mayer stopped by the company kitchen and noticed that Larry Page was standing in a corner of the room for no clearly

searching prowess. It was Yahoo cofounder and Stanford alumnus David Filo who advised the pair otherwise; he told them they should go ahead and

“There are wealthy gentlemen in England who drive four-horse passenger-coaches twenty or thirty miles on a daily line in the summer because the privilege