Tuesday, July 14, 2009

Goldman Sachs -- Golden Egg

Goldman Sachs (GS) hit a home run. TARP funding be damned. They beat expectations by a country mile. The producers seem to be fixed income and currencies. The M&A fees are down dramatically. It is very hard to argue with the genius that is Goldman, yet at the same time you have to acknowledge the almost artistic flair that their genius brings to the table.

How many of us can understand a genius, or predict the artistic output that genius can create. Enterprises run by genius’s do achieve great success. Goldman is in danger of creating its own separate genre. Just like movie studio’s should produce blockbusters but once in a while it lays an egg. Today the egg was golden. Tomorrow .....??