Comments on: Richard Nesbitt: end is nigh for Goldman and Morgan Stanley http://www.wellingtonfund.com/blog/2008/09/15/richard-nesbitt-end-is-nigh-for-goldman-and-morgan-stanley/ News, Views & Purviews Fri, 03 Feb 2012 02:44:40 +0000 http://wordpress.org/?v= hourly 1 By: Jevon http://www.wellingtonfund.com/blog/2008/09/15/richard-nesbitt-end-is-nigh-for-goldman-and-morgan-stanley/comment-page-1/#comment-1001 Jevon Mon, 15 Sep 2008 21:08:41 +0000 http://www.wellingtonfund.com/blog/2008/09/15/richard-nesbitt-end-is-nigh-for-goldman-and-morgan-stanley/#comment-1001 So, basically, he is saying that investment banking isn't an actual business, and it needs a daddy (retail) to turn to when it screws up? I would ditch the entire iBanking side, square up the retail and watch the market cap soar. You could get a chairman who knows the business well, and wouldn't have to wear a retail shirt and ibanking underwear. Then, when I was back to drowning in my own profits, I would act more like a pension fund, or buy a country,. who knows. So, basically, he is saying that investment banking isn’t an actual business, and it needs a daddy (retail) to turn to when it screws up?

I would ditch the entire iBanking side, square up the retail and watch the market cap soar. You could get a chairman who knows the business well, and wouldn’t have to wear a retail shirt and ibanking underwear.

Then, when I was back to drowning in my own profits, I would act more like a pension fund, or buy a country,. who knows.

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