The beginning to the end of Goldman Sachs?IB
-Forgoes bonuses for top executives
-Analyst are predicting first quarterly loss since going public
-A stock that now trades at $53 which erases more than 10 years of gain
Is this the beginning to end of Goldman Sachs and Investment banking as we know it? Can someone shed some light on this. Goldman faltering this bad disrupts the order of the universe.
What a shitty investment for Warren Buffet. My rationale for Warrens decision was not becuase Goldman was a good buy at the time but was only to in still confidence in the market. It was simply to prevent his other holdings from falling in share price in the event Goldman was not able to rasie capital.
Also is still worth trying to secure a job at Goldman Sachs.