If you’re not already doing so, you should probably sit down. Are you ready? Your taxes don’t actually pay for anything, at least not at the federal level. The government doesn’t need our money. We need their money. We’ve got the whole
...more
“We call it value innovation because instead of focusing on beating the competition, you focus on making the competition irrelevant by creating a leap in value for buyers and your company, thereby opening up new and uncontested market space.”
― Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
― Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant
“He thought codifying those values, in terms of behaviors, would help transmit the Goldman culture to future generations of employees. The business principles were intended to keep everyone focused on a proven formula for success while staying grounded in the clear understanding that clients were the reason for Goldman’s very existence and the source of the firm’s revenues.”
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
“greedy, but long-term greedy.”15 The emphasis was on sound decision-making for long-term success, and this commitment to the future was evidenced by the partners’ reinvestment in the firm of nearly 100 percent of the earnings.16”
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
“The senators pulled no punches, calling the firm’s practices unethical, if not illegal. Later, after a Senate panel investigation, Levin called Goldman “a financial snake pit rife with greed, conflicts of interest, and wrongdoing.”
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
“We had access to almost any corporate management team or government official through the cachet of the Goldman name and its powerful network. We also had a low cost of capital, because Goldman borrowed money at very low rates from debt investors, money that we then invested and generated a return a good deal higher than the cost of borrowing.”
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
― What Happened to Goldman Sachs: An Insider's Story of Organizational Drift and Its Unintended Consequences
orgil’s 2025 Year in Books
Take a look at orgil’s Year in Books, including some fun facts about their reading.
More friends…
Polls voted on by orgil
Lists liked by orgil













