Nothing like piling on! In the scramble to be the first to write the next Wall Street obituary, Forbes fires the opening salvo at Morgan Stanley and Goldman Sachs.
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Cool. Now I have something to talk about during my interview with MS on Thursday.
Are you interviewing for IBD?
You're welcome!
Funny. Last year I remember asking banks (pure-plays) how they'll remain competitive with the universal model and while people remarked that it was a good question, I could sense that I was being scoffed at. Bankers have always thought themselves far superior to the commercial guys. Now look at what's happening... Absolutely crazy. If someone told me this a year ago I would've laughed in their face. Who knew that last August would set in motion a sequence of earth-shattering, history-making events?
I would honestly be surprised if I didn't see something similarly shocking occur within the next few weeks.
Nah man. Just PWM Assoc.
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