Tuesday, July 15, 2014

Alef, 2010, Goldman Sachs and the Beginning of Investment Banking (economic history, institutional study)

This short hagiography might have been commissioned to cast the investment banking giant in a good light after the 2008 market crash.  Goldman Sachs did well out of the crash, and the presence of Goldman Sachs alumni in the national banks of several affected countries, particularly Greece, did not escape notice. Alef has a science and law background, and has written more than 300 biographies of industrial titans. Generally, they are positive and admiring, and there is a lot to admire in the rags-to-respectable wealth story of Henry Goldman, who went into business and then up against the titan of his era, JP Morgan.  
David Last, March 3, 2014 

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