William D. Cohan quotes
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“Generally speaking, they have as many stars as other firms, but they are low-key about it, because that's not the Goldman way, but their bench is a lot deeper. I think Goldman has as many A players, but more importantly they have fewer C players. And no firm, I have noticed, has the depth anywhere like that.”
-- William D. Cohan -
“Having worked at four separate Wall Street firms, having seen a variety of talent at those places, and having competed against Goldman as a banker, one thing you have to be struck by is the power of their recruiting.”
-- William D. Cohan -
“People are pretty simple: they do what they are rewarded for doing. If they get multimillion-dollar bonuses by taking huge risks with other people's money - as they still do - then they will continue to take those huge risks, and not give it another thought.”
-- William D. Cohan -
“Is there any fairness in a system where a group of people can borrow a bunch of money to buy a company and pay themselves millions of dollars in dividends and fees, while the company itself ends up bankrupt and its employees lose their jobs, health insurance and pensions?”
-- William D. Cohan -
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“Because I wrote a book about Goldman Sachs. And I know that, from talking to people at Goldman Sachs, that Trump is the poster child for the kind of client they don't want to do business with, mainly because he would borrow all this money from Wall Street to build his casinos, and then didn't pay it back.”
-- William D. CohanSource : Source: www.pbs.org
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“The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.”
-- William D. CohanSource : "House of Cards: A Tale of Hubris and Wretched Excess on Wall Street". Book by William D. Cohan, March 10, 2009.
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“We are all made from star dust and we will all return to star dust, like a cosmic palindrome.”
Source : A. S. King (2014). “Glory O'Brien's History of the Future”, p.80, Hachette UK
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Source : Song: Where the Stars and Stripes and the Eagle Fly
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Source : Adam Johnson (2012). “The Orphan Master's Son”, p.41, Random House
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Source : A. Bartlett Giamatti's remarks at the press conference banning Pete Rose from baseball, August 24, 1989.
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Source : A.A. Gill (2010). “Paper View: The Best of The Sunday Times Television Columns”, p.127, Hachette UK
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