Goldman Sachs is the hottest bank on Wall Street. Wells Fargo’s logo is a 19th-century stagecoach drawn by six horses. Goldman makes almost half its revenues from fixed income, currencies and commodity trading. Wells’s biggest division is quaintly named “community banking”. Goldman is so successful it is simultaneously attacked and courted by Washington. Wells avoids the spotlight. For all these differences, however, shareholders in the two banks have made identical total returns over the past decade: about 100 per cent.
高盛(Goldman Sachs)是華爾街最熱門的銀行。富國銀行(Wells Fargo)的標識是一輛19世紀的、6匹馬拉的驛站馬車。高盛近一半的營收來自固定收益、外匯和大宗商品交易。富國規模最大部門的名字——「社區銀行」——則給人以不可思議之感。高盛是如此的成功,以至於它同時受到了華盛頓的抨擊與奉承。富國則刻意遠離聚光燈。儘管存在種種差異,這兩家銀行的股東在過去10年裏卻實現了同樣的總回報率:都爲100%左右。