and if you think they are then you should watch the "smartest guys in the room" documentary:
http://en.wikipedia.org/wiki/Enron:_The_Smartest_Guys_in_the_Room
merrill - 8 billion dollar write down, o'neal out
citi - 11 billion write down, prince out
BSC - multibillion dollar hedge fund blow up, pot smoking n bridge playing ceo soon to be ousted
and YET GS walks away unscathed? roflmao
gs has the most in level 3 assets
the market will always remain more irrational longer than most guys can remains solvent so just take a very small position just so you can say 'i told you so' when the shit hits the fan - gotta feed the ego every now and then
as far as the aura around gs - completely unwarranted. everyone on the street pays big bucks for talent and gs does not have a monopoly on finance talent. gs's biggest edge is that it probably has the biggest insider info edge than all other IBs out there since it has the most ex partners in public office.
http://en.wikipedia.org/wiki/Enron:_The_Smartest_Guys_in_the_Room
merrill - 8 billion dollar write down, o'neal out
citi - 11 billion write down, prince out
BSC - multibillion dollar hedge fund blow up, pot smoking n bridge playing ceo soon to be ousted
and YET GS walks away unscathed? roflmao
gs has the most in level 3 assets
the market will always remain more irrational longer than most guys can remains solvent so just take a very small position just so you can say 'i told you so' when the shit hits the fan - gotta feed the ego every now and then
as far as the aura around gs - completely unwarranted. everyone on the street pays big bucks for talent and gs does not have a monopoly on finance talent. gs's biggest edge is that it probably has the biggest insider info edge than all other IBs out there since it has the most ex partners in public office.
