Tell us about yourself!
I admire Greg Smith's thoughtful account into the people and culture of Goldman Sachs and the broader “Wall Street” world -- you can tell that he is intelligent, hard working and most importantly has a strong moral compass. From a trader’s viewpoint, he has a unique perspective of the markets, futures & derivatives, and how one of the most prestigious firms survived and even thrived in the midst of a potential financial meltdown not seen since the Great Depression. It’s hard not to admire Greg’s courage to tell this story and follow the choices he made. Lesser people would not have done the same.
You can tell that Greg remains a “culture carrier” and remains respectful of the many brilliant and dynamic people he worked with during his career with the firm. There is no bitterness, and he is not naïve -- greed and conflicts of interest occur everywhere. It’s a good read and I recommend it to anyone who wants a better understanding of what is happening with our economy as the “smartest” people in one sector influence so much of our lives.
The GS manager who asked the female who was crying because a co-worker had been fired, "what did you major in at Villanova, emotionalism?" Typical
Any time he talked about what was said over the Hoot'n Holler.
In an industry where 70% of portfolio and hedge fund managers underperform the market in a good year, where failing bankers get million dollar bonuses, where we get a constant barage of BS artists posing as convincing prognosticators on CNBC every day, can anyone be surprised that Goldman Sachs looks after themselves before customers? Nothing new here, but a fun read nonetheless. This is why Warren Buffet tells recent college grads seeking jobs "to hold your noses and head to Wall Street".
A true wake up call. This industry needs serious reform.
Greg does an amazing job of describing what the big investment firms are all about. There is such a serious conflict of interest but their lobbyist are so strong that you wonder if the "boys club" can be taken down.
Corruption in the financial industry
It tells an interesting story, sheds light on a big problem in our society, and inspires you to be a better person.
The fact that the narrative spans an interesting decade and does a good job painting a picture of all the noteworthy events and changes.
Although it has some interesting stuff, it raised some questions as well. The author was refused a promotion before he resigned, which puts his moral concerns about the business in a different light. In order to prevent the elites from getting richer and the poor getting poorer, he suggests more regulation of the financial markets by the powers that be/elites.
That should make you stop and think. According to him, to get rid of too big to fail institutions, we need congress (those people that can not control their spending and borrow from their printing presses) control and regulate the financials. He also seem to have some hope that 115 regulatory bodies of the financial markets is not enough and 116 is going to make a difference. You can read the book about Madoff (Harry Markopolis) to see why regulation does not work (revolving door). The only thing that works is taking the way the gun on the head of the tax slave. Without the ability to dump losses on the tax slaves through the government power structure,
Given he asks for more power for the few, to fight the problems of too much power for the few, I rate this book as a solicitation for a job as a regulator, to become part of the few and stick it to GS, who passed him over for promotion. He also must have smelled that there exists a market for railing against the big banks.
Bringing something to the listener that was not so predictable. Also the author is speaking from a relatively low level point of view. If every low to mid level employee was aloud to write a book.....
No, I just think that I need to read reviews before making a purchase.
Nothing that was not said in his 1500 word op-ed.
Do not waste your money.
Lots of personal detail. It is a good story though I might have hired a reader.