- The Making of Goldman Sachs
- Narrated by: Norman Dietz
- Length: 33 hrs and 3 mins
- Unabridged Audiobook
- Release date: 01-07-09
- Language: English
- Publisher: Tantor Audio
Regular price: $41.99
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Starting as a sole proprietorship dealing in commercial paper in the mid-nineteenth century, Goldman Sachs became an innovative underwriter, struggled to survive the crash and Depression, and came out of World War II to complete what was then the single most important transaction in Wall Street's history: Ford Motor Company's IPO. Goldman Sachs overcame a full set of dramatic perils: Penn Central's bankruptcy, Robert Maxwell's abusive frauds, and insider trading scandals. Ellis demonstrates how the firm's core values, intensive recruiting, entrepreneurial creativity, and disciplined risk taking - incorporating technology and hard work - laid the foundations, multiplied the firm's resources and profits, and magnified its power until it became today's Goldman Sachs: one of the most successful business organizations in the world.
"Rich with insider lore, as well as the closed-door dramas of partnership clashes." ( The New York Times)
Customer ReviewsMost Helpful
By dd on 11-24-10
All The glory and pageantry of one of those
glossy investment junk mail brochures you get and immediately recycle as soon as you sign up for business week. The only difference, is how can one ever recycle 44 hours of their lives??
Some of the history was interesting, but it rapidly degenerated into a meaningless gloss job over a history that is surely so much more interesting. Where are the details of the deals that this bank made. Where is the insight into the vision that directed this bank for ~80? years ?? Where was the crucial background history of what was happening on wall street during this time?? Why did they succeed, when so many others failed? This book reads like a book-length brochure of why you should be investing your valuable bank with all these 'brilliant' 'gifted' investment bankers. Boring and useless! Compare and contrast this awful book with anything by Ian B Stewart, who wrote classics like Den of Thieves (also available on Audible), or Michael Lewis or Roger Lowenstien or Ron Chernow (all available on Audible). These authors certainly have their occasional duds (avoid Disney War, new new thing); nonetheless, they at least demonstrate that at some point they actually took an interview or two.
Is it so hard to interview people, to understand what they actually thought, what their fears were, why and how they made the decisions they made. None of these stories appear here. A sad waste of paper (and glossy paper to boot!!). I felt sorry for the poor narrator, probably the only person who had to actually read the whole thing. I just gave up about half-way through.
Note to future finance journalists, when making mas market books about bankers: Give us details!! Compare and contrast strategies, this is our only chance to understand how these events take place!
Your book should not be a big @ss-kissing bullet point in your resume!!!
3 of 3 people found this review helpful
By Dawn Furlo on 09-07-13
Thoroughly Enjoyed the read
Any additional comments?
I enjoyed listening to the history aspect of Goldman and that of the stock market. I was amazed at the billions of dollars that were being made in the 50's and 60's. I can see how one could get hooked on all the activity and money to be made on Wall Street, even today. It was a long read, but kept my interest on many car rides.