Editorial Reviews. mtn-i.info Review. Goldman Sachs brings you inside the rarefied Goldman Sachs: The Culture of Success 1st Edition, Kindle Edition. Goldman Sachs: The Culture of Success Paperback – March 9, Former Goldman Sachs Vice President Lisa Endlich draws on an insider’s knowledge to bring to life this unique company and the most stunning accomplishments in modern American finance. The history, mystique, and. Goldman Sachs: The Culture of Success. Linda Endlich Alfred A. Knopf, Inc . New York; ; pages; $ While reading Lisa Endlich's.
|Language:||English, Spanish, German|
|Genre:||Science & Research|
|Distribution:||Free* [*Registration needed]|
Request PDF on ResearchGate | On Jan 1, , M Elizabeth Boyle and others published Goldman Sachs: The Culture of Success. Goldman Sachs - The Culture of Success - Download as PDF File .pdf) or view presentation slides online. By worrying about its clients, Goldman. Sachs became a international player in the investment banking world. Arguably, success was also based on the culture.
You get an inside look into the board meetings and what was going through the partners' heads during this major event in the company's life. There isn't as much focus on the technical financial workings of Goldman Sachs, a few figures are quoted here and there. I did find some of the history here interesting, especially about the creation of Block Trading and Hedge Funds. These are things that are used throughout the market place today.
However, if you're looking for some deeper financial workings on Goldman Sachs this isn't the book you want to pick up.
I thought this was a great read by the time I finished. I found it incredibly fascinating to see this firm develop throughout the years and didn't realize the immense impact it had on the market place.
I thought some of these little anecdotes were brilliant to include because it gave a slightly lighter mood to a read that could have been overly dry.
I'll admit that this isn't a book that most lay readers will pick up, only those of us who are in the economics, business or investment fields. Sure some lay people may enjoy it, but I can't ignore the fact it's for a fairly specialized audience.
I definitely recommend this if you're interested in reading a broad overview of the firm and its history since its inception.
This book mainly narrates the history of the Goldman Sachs and how it became a public company. Narration interspersed with flashbacks is used at the beginning of the book to stress on the track of being a public company, I think, which is the core of this story. About a hundred years ago, a private firm was built, and then it was passed on generation by generation while it became stronger and stronger as a result of its leaders wisely operating.
At the almost end of the 20th century, the leaders This book mainly narrates the history of the Goldman Sachs and how it became a public company. At the almost end of the 20th century, the leaders of the firm considered making the firm from a private firm to a public firm because they want a expansion but not only a lot of money.
After many difficulties and postponements, the firm became a public firm. Before I read this book, I have already known that Goldman Sachs is one of the biggest firms around the world. I was wondering how it was inherited by each generation while it also became very international, and by which way it ultimately became a public companies While I was reading the story of its growing and changing, I thought of many Chinese firms which are private companies with a short history, and they will face the same situation which American companies have experienced.
I want to be a businessman, and I am interested in these successful corporate culture. It has given me some new ideas. May 18, Steph rated it liked it Shelves: All in all, Endlich does a pretty decent job of capturing the cultural evolution at Goldman Sachs.
Good for some background knowledge of the firm's history and the industry, though it is impossible to take her claims at face value. Given the name of the book, it's hardly surprising that it's a biased account, but the writer has a tendency to make unqualified statements like "there is complete agreement" and "it is beyond a doubt" without providing evidence.
Writing style is quite dry, but the au All in all, Endlich does a pretty decent job of capturing the cultural evolution at Goldman Sachs. Writing style is quite dry, but the author does intersperse quotes from Goldman leadership throughout to add some necessary color.
Might be worth a read for those planning to enter the industry. Aug 10, Margaret-jane rated it really liked it.
An enlightening book with few surprises. As a trader admits in page 'too big to fail. We're too big now. They won't let us fail". Senior partner of Lazards said "The believe if they are successful it is because they are particularly smart and then because they are particularly smart they can do anything".
The book details high risk strategies undertaken to accumulate extraordinary wealth An enlightening book with few surprises. The book details high risk strategies undertaken to accumulate extraordinary wealth for a few.
Are Goldman Sachs untouchable? I wonder. Written with good flow. Easy to read. Oct 15, Kunal rated it it was ok. This was a decent book as it discussed the formation of Goldman Sachs and how the amazing culture was formed at the firm. It discussed the history of the firm from the founders to the process of going public and why the people at the firm have such high values and an amazing reputation.
For a person who was so focused and driven to be a future investment banker, I thought this was a golden must read at the time. Looking back now, this is not something I would recommend anyone to read.
Apr 19, Sanjiv rated it liked it. Well the culture of success in the firm is still as strong as ever. The pride in some cases bordering on hubris is still there. Long term greedy?
Greedy for sure Long term? Only thing that surprised was the absence of technology and its pioneers within the firm from the narrative. May be till technology did not play as big a role as it does today but I am still surprised. A good entertaining book and long live Goldman! Goldman Sachs Author Lisa Endlich 60minutes. A1 I want to be a teacher or police or firefighter.
Q2 if you can establish company, what kind of company would you like to establish?
A2 I would like to establish company of tour. View 1 comment. Feb 12, Andrew Keen rated it liked it. This book is more like a "just-the-facts" history of Goldman Sachs, vulnerabilities, disappointments, and all.
If you're looking for the magical secret to Wall Street, you're going to be disappointed. However, it is an excellent study of American corporate history and changes in both financial services and the global economy over the last years.
Feb 24, Shirley rated it really liked it.
Aug 15, Erin rated it it was ok. I had to put this one in there as it still sits on my bookshelf. I read this right before joining Goldman Sachs in the summer of to get to know a bit of history on the company. Like this presentation? Why not share! An annual anal Embed Size px. Start on. Show related SlideShares at end. WordPress Shortcode. Published in: Full Name Comment goes here.
Are you sure you want to Yes No. Be the first to like this. No Downloads. Views Total views. Actions Shares. In , Levy took over as Senior Partner from Weinberg, and built Goldman's trading franchise once again. It is Levy who is credited with Goldman's famous philosophy of being "long-term greedy", which implied that as long as money is made over the long term, trading losses in the short term were not to be worried about.
At the same time, partners reinvested almost all of their earnings in the firm, so the focus was always on the future. The bankruptcy was large, and the resulting lawsuits, notably by the SEC , threatened the partnership capital, life and reputation of the firm.
Under the direction of Senior Partner Stanley R. Miller, it opened its first international office in London in and created a private wealth division along with a fixed income division in It also pioneered the " white knight " strategy in during its attempts to defend Electric Storage Battery against a hostile takeover bid from International Nickel and Goldman's rival Morgan Stanley.
John L. Weinberg the son of Sidney Weinberg , and John C. Whitehead assumed roles of co-senior partners in , once again emphasizing the co-leadership at the firm.
One of their initiatives  was the establishment of 14 business principles that the firm still claims to apply. Aron was a player in the coffee and gold markets, and the former CEO of Goldman, Lloyd Blankfein , joined the firm as a result of this merger. In it underwrote the public offering of the real estate investment trust that owned Rockefeller Center , then the largest REIT offering in history.
In accordance with the beginning of the dissolution of the Soviet Union , the firm also became involved in facilitating the global privatization movement by advising companies that were spinning off from their parent governments.
In , the firm formed Goldman Sachs Asset Management, which manages the majority of its mutual funds and hedge funds today.