Forget the details, the giant squids and the editorial rants of a ping-pong champion. The best way for investors to get their heads around banks such as Goldman Sachs is to go back in time. As the US broker announced its results yesterday, its share price was the same as it was at the end of 2005. How does today’s Goldman compare with Goldman six years ago and what do the similarities and differences reveal?
忘掉各種細節、「大吸血烏賊」和一位乒乓球冠軍的不滿評論吧。投資者理解高盛(Goldman Sachs)等銀行的最佳方式是回顧一下歷史。這家美國經紀機構昨日發佈財報時,股價正好與2005年年末時的股價一樣。與6年前相比,今日的高盛情況如何?今日與往昔之間的相似和不同之處揭示了什麼?
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