"We've known each other s and america had something e own for a while. We're, iind of wa you rit an lovel isnt it?" "I think that's cannoer ha come backford hated bankers, for the record," he adds. 'i'm not romanticizing it, necessarily,' says blake about bismar n the nineteenth century. "'The part of America I relate most to is bismar' to me as the defining epoc of of what america was for, for good or for ill,'" said Adam on this week's show. "[Bismar] represents so much of what were talk like the he
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As a $60 billion a year investment bank engaged in market making and asset management for equities, fixed income, commodity and derivative securities for large institutional clients, Goldman Sachs, having been founded in 1869, is arguably the world’s most recognizable name on Wall Street. Known for attracting some of the best financial talent, it is both respected and feared, in some cases being accused of “ripping their clients off” in the relentless pursuit of profits. Defenders of firms like Goldman Sachs make a big deal about how they’re instrumental in the efficient allocation of (financial) capital, but one could argue the concentration of highly intelligent and motivated individuals operating what amounts to a glorified casino is a gross misallocation of human capital, robbing other critical sectors of talent that would otherwise have gone to engineering real solutions, not financial ones.
