Earlier quoted context omitted.
Yes! Glad someone spotted it....
Do you mind enlightening me? I've only read a few of his works but don't recognize it.
Breakfast of Champions. Just open the first pages and you'll see it all over.
Founding a startup with zero revenue is better than working for Goldman Sachs
81–90 of 147 posts
Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#82Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#83Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#84Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#85As it turns, my kid likes to eat. So, in my oh-so-unique case of having, uh, responsibilities, it would be better for me to have a paying job (even at Goldman Sachs) than to found a startup with zero revenue. Of course, that's assuming they are XOR, which they are not.
Don't worry about it. People feel the need to justify every decision they make to the world. The author of this post didn't want to work at GS, he wanted his own company. But he gave up a couple hundred thousand a year to do that, and people made fun of him, so he felt he needed to justify it.
Obviously, there are plenty of people happy collecting their large paycheck every two weeks, or there would be a lot of startups and not a lot of Goldman Sachs.
Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#86I'm curious about the author's opinion of Liar's Poker, especially the line I got on a plane to New York within the week. I packed my copy of Liar’s Poker for reference. I'm surprised that anyone would read Liar's Poker and think of it as a reference to Wall Street on an inspiration to work there. The "gorilla" culture described by Michael Lewis at Salomon Brothers in the 80s sounds very close to what the author expe…
Everyone on Wall St (approximately) has read Liars Poker - and, while there's some artistic license being take, the observations are basically dead-on. And people are proud that they work in an industry that has such a compelling book. And they see the characters (or their company's versions) every day. To pick other examples : 'Wall Street' is a must-see movie for everyone on the Street (though it's completely overb…
NI LEWIS, if you're in front of a terminal
Nice. Now I know how I can read blogs at work.
(They try to block the regular Internet ones, but I doubt they even considered trying to censor the Bloomberg terminals!)
Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#87What's interesting is that stories like this have been around for decades but never deterred young ivy league grads from joining Goldman when the industry is popular. Now so many people is quick to criticize the finance industry. Although it's true that the bailout was a great crime, I don't see how lobbyists, pharmaceutical executives and advertisers are much better. These guys get paid millions too...at least Goldm…
>at least Goldman doesn't screw with people's mind.
???
That's a pretty sizeable portion of their business.
Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#88Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#89Re: Founding a startup with zero revenue is better than working for Goldman Sachs
#90As it turns, my kid likes to eat. So, in my oh-so-unique case of having, uh, responsibilities, it would be better for me to have a paying job (even at Goldman Sachs) than to found a startup with zero revenue. Of course, that's assuming they are XOR, which they are not.
Don't worry about it. People feel the need to justify every decision they make to the world. The author of this post didn't want to work at GS, he wanted his own company. But he gave up a couple hundred thousand a year to do that, and people made fun of him, so he felt he needed to justify it. Obviously, there are plenty of people happy collecting their large paycheck every two weeks, or there would be a lot of start…
| Obviously, there are plenty of people happy collecting their large paycheck every two weeks, or there would be a lot of startups and not a lot of Goldman Sachs.
Or their fears and lack of confidence/desire for security overrule their happiness.