2min chapter

The Compound and Friends cover image

What's Really Going On At Goldman Sachs?

The Compound and Friends

CHAPTER

The Valuation Diskrepancy Between Goldman and JP Morgan Stanley

The valuation discrepancy kind of grinds on the old G, OG, you know, partners at Goldman and who have substantial sway at the firm still. I mean, if you think back to how close Morgan Stanley came to bankruptcy during the financial crisis - that was resisted mightily by John Mack. The Japanese bank Mitsubishi made one of the greatest investments of all time in Morgan Stanley when they bought it from him. And since then Morgan Stanley has been on a tear. You know, pretty much.

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