Goldman Sachs (GS) "operates via institutionalized paranoia," writes Michael Santoli in a...

|About: Goldman Sachs Group Inc. (GS)|By:, SA News Editor

Goldman 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.