Not the BEST account of the financial crisis, however a very interesting take on the shift in culture that have taken place on Wall Street.
The rare look inside one of the most important financial institutions in the world.
Not really. However, the key changes inside GS is nicely accounted for. However, it may be a bit narrow, due to the authors limited access to guys at the very top. It's more descriptive than offering actual explanations.
Worth using a credit on if interested in the inner workings of one of the most opaque yet influential institutions in the world. Not groundbreaking and the author seem to think very highly of Himself in se passages.
I love bio books about wall street, this one was just especially boring without any real substance or stories that kept me interested. In fact I quit after just 2 hours of listening, the first time I have done that in 2 years. His voice is mono chromatic which I could have lived with had the book had anything of value.
There are far better options about the subject with far more interesting authors that I would choose over this title, but that's just my opinion
Audible has allowed me to enjoy books again.
Definitely would reread some parts of the book. Especially the details explaining derivatives/SWOPS and how GS was involved in 2007-2008 Financial Fall.
Lords of Finance-Great book on the 4 major world powers in the early 1900's on they dealt with Gold Standard.
Explanation of GS involvement with the whole 2007-2008 Financial Fall
This was just one man's experience and the reader risks confirmation bias, but it was a compelling story and well-told. For an interesting look into one man's journey through his career at Goldman, this book is a great choice.
Helpful if you want to get some insight into how Golman Sachs works internally. To get the other side read (unfortuneately no audio available) "Culture of Success" (although its a bit dated)
I like books read by the author and this one in particular, his South African accent is a big plus.
The honesty expressed about what really happens at GS and how the culture changed as the economy got worse was brutally clear.
When he sat down at his desk to collect his things and leave. It must have been a powerful moment for him and yet he never seemed to waiver in his conviction.
As the narrator he was able to use voice inflection and his personal tone to bring the story to life. I have known several South Africans but his accent on some words was really funny.
As a former management intern I appreciated the struggle to get a full-time position and also the cutthroat behavior of many Ivy League candidates.
It should be mandatory reading for CEOs and interns alike of those who wish to maintain a culture that is somewhat "old fashioned" in the way that it treats its customers. Here I mean "old fashioned" in a positive context. One where the client is not ever a muppet, lol!
This book was an eye opener for me. Greg weaves a fun interesting life story in the world of finance. Never dull, with several colorful characters along for the ride.
Excellent expose of what is really going on there at Wall Street - how a premiere firm went from Client Focus to money grubbing focus, and how wall street finance "invented" the products and financial instruments that ultimately cost taxpayers billions to bail them out. Everyone with a pension or a 401K should read this. Well done Greg Smith for having the huevos to write this book.
Yes because you can hear more feeling in authors words.
Very few people who have climb the corporate ladders of financial services industry have had the guts to expose these companies on their business practices. This was one of the gutsiest.
No. I would be interested in seeing more of his work.
When Pigs Fly.
Ive heard a lot of books on the 2008 meltdown, on Bernie Madoff, Lehman Bros etc. So maybe Im already a bit jaded by this genre. This book didnt say anything new. Its the usual story of Wall Street greed. I actually liked the fist part of the book. It gave me a good insight on working life on Wall Street.