Deadly Sin: Greed
Stock #1: Goldman Sachs (GS)
Gordon Gecko’s “greed is good” catch phrase in Wall Street became an anthem for an entire generation. To be sure, enthusiasm for greed is what drives the partners at Wall Street leader, Goldman Sachs (GS).
The best part of greed for GS is that there are no consequences. We learned that with the bailout of Wall Street during the
financial credit crisis. No eternal damnation here. In fact, former Treasury Secretary Paulson was a GS alum. It must be nice
to have friends in high places.
It’s no risk and all reward for GS and the Wall Street greed-chasers. Is the market really without consequence? For GS, that
seems to be the case.
I rate GS a B or buy.
- Poll of the Day