That’s the thing about this newsletter: It gives the poor the same chances that the rich have to make money.https://www.bloomberg.com/opinion/articles/2021-07-12/goldman-doesn-t-want-mercenaries …
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i choose to read this as goldman not being able to afford top talent
look they might not be top tier any more but goldman employees can take pride in being “gs nice”
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One thing they will likely remain the market leader in is being the bank certain types of customers want to do business with. And that is a very valuable space.
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There was a saying in early 2020: If you were too stupid to make it to GS in 2017you had to dabble in crypto. If you didn't make it in crypto by 2020 you had to apply to GS
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