Goldman Sachs (GS) "operates via institutionalized paranoia," writes Michael Santoli in a...
Saturday, September 29, 2012, 9:25 AM ETGoldman Sachs (GS) "operates via institutionalized paranoia," writes Michael Santoli in a bullish Barron's cover story. In other words, Goldman behaves as IB's did in the days when a partner's capital was actually on the line. Executives known for risk management are promoted (contrast to Citi's Chuck "Gotta dance while the music's playing" Prince), giving investors - with shares on offer for 90% of TBV - a bit of comfort no matter how turbulent markets may become.
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