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Details Are Part of Our Difference

Embracing the Evidence at Anheuser-Busch – Mid 1980s

529 Best Practices

David Booth on How to Choose an Advisor

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Author: Matt Hall

New Yorker says Goldman Might Want to “Take the Long View”

Many are still talking about the Op-Ed piece by Greg Smith. We especially love this write up from John Cassidy, as he reminds Goldman to do what we’ve been saying for years:

One popular theory, which I heard the Times columnist Joe Nocera expounding on the radio yesterday, is that it all goes back to 1999, when the firm issued stock to the public. As an old-school Wall Street partnership, this story goes, Goldman valued its reputation too highly to get involved in some of the shenanigans that it has gotten mixed up in recently, and it could also afford to take the long view. Once it became a public company, however, it came under pressure to raise its earnings every quarter. And this encouraged it to put short-term profits before anything else, including the best interests of its clients.

Read more here.

Featured entries from our Journal

Details Are Part of Our Difference

Embracing the Evidence at Anheuser-Busch – Mid 1980s

529 Best Practices

David Booth on How to Choose an Advisor

The One Minute Audio Clip You Need to Hear

Hill Investment Group