E was shifting away from pouring money into the existing industrial institutions, and let's build out something. Goldman really wanted to get into the broad real estate market because it was the new growth opportunity. And goldman also saw an opportunity to go international. They weren't as significant as they became in the eities, but they for they were present with ther formation of thepost breton words, financial order, arial financial order.
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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.
