At times certain very old or very new Goldman Sachs affiliates long for the day when the firm was a private partnership. Transparency wasn’t an issue and the short term focus on quarterly profit targets wasn’t a detriment to long-term strategic management. As a result, what works to keep a great legend of an investment bank alive for the next generation is sometimes at odds with what it takes to deliver never ending quarterly profit increases. The recent Goldman analysis isn’t a dramatic departure from similar work claiming an end to profit growth in some respects, yet it takes a more…
Goldman Questions Short Term Corporate Thinking, Says Mean Reversion Trend Coming
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.