trendfollowing's Commentaries
Jun
29
2009
Selling Time Bombs
by trendfollowing
Overall Rating:
A reader posted today:
At one point I worked with a former Goldman [Sachs] employee. He summed up what went on there with this quote a managing director once told him, “Don’t you understand our business model? We sell time bombs and move them around from customer to customer. The trick to is to make sure we’re not the ones holding them when they go boom!”
That sums it up.
Tags: holy-grails
