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 philosophical approach. While the research decidedly didn’t discuss how certain Goldmanites may or may not long...
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