It's Time for "Occupy" to Pack Up Its Tents

A member of Goldman Sachs' 1998 new associate class, one of the first things we were exposed to during training was an old deal "tombstone" from the 1950s. Though the names of the financial institutions listed on it were foreign to the vast majority of associates, the message was an essential and sobering one: investment banks have a highly ephemeral quality to them. . .