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News Link • Economy - Economics USA

Is Warren Buffett's Investment In Goldman Sachs The Future Of Wall Street?

• The Business Insider
Similarly, the Goldman partners have their fortunes tied to the profits of a single firm, both through their interests in the firm continuing to pay them and their large holdings of its stock. Both have an interest in the firm being cautiously “long-term greedy.”
 
 But Buffett’s guaranteed 10% puts that barrier back in place, re-creating the role of debt to incentivize risk taking.

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