It would no longer be your father’s Goldman, the one your mother dreamed that you’d work for, even if she said she didn’t. Instead, it would be a Goldman that might give your mother a free toaster in exchange for her opening a checking account. This was a shocking surrender—the end of Wall Street, as some would have it, and the beginning of who knows what. It was as if the Yankees had announced that they were becoming the Twins.
I'm too much of a Minnesotan to let this quote rest in online archives without a comment. The hierarchy has been shaken. The salary game has become the crystal ball for awarding prestige and winners in April. But at least in team batting averages:
Twins - .279
Yankees - .271
Maybe Wall Street could learn something from Main Street. Work hard, play the fundamentals, and don't choke in the end.
