“The dirty little secret of what used to be known as Wall Street securities firms-Goldman Sachs, Morgan Stanley, Merrill Lynch, Lehman Brothers, and Bear Stearns-was that every one of them funded their business in this way to varying degress, and every one of them was always just twenty-four hours away from a funding crisis. The key to day-to-day survival was the skill with which Wall Street executives managed their firms' ongoing reputation in the marketplace.”
Quote by William D. Cohan
Author
William D. Cohan
William D. Cohan, born on February 20, 1960, is an American writer known for his focus on the business and finance sectors. His works delve into the complexities of the business world with in-depth research and vivid storytelling, revealing the multifaceted nature of human nature in the context of commerce. more