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Catch a Falling Knife

The Compound and Friends

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Goldman Sachs vs Morgan Stanley?

Pershing: Why doesn't Goldman Sachs just buy Bank of New York, Mellon? Pershing: Morgan Stanley was able to pull off a lot of M&A in the last and they've done incredibly well. I think anything Goldman does is probably 3x more controversial because it's the Vampire Squid. He says these could be the safer bets in a challenging environment.

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