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Download The Partnership: The Making of Goldman Sachs Audiobook

Extended Audio Sample The Partnership: The Making of Goldman Sachs Audiobook, by Charles D. Ellis Click for printable size audiobook cover
3 out of 53 out of 53 out of 53 out of 53 out of 5 3.00 (211 ratings) (rate this audio book) Author: Charles D. Ellis Narrator: Norman Dietz Publisher: Tantor Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date: December 2008 ISBN: 9781400180493
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Goldman Sachs is the most profitable and powerful investment bank in the world today. Fifty years ago, it was a marginal family firm with limited prospects. How did it ascend to leadership in Europe, Asia, North and South America; make many, many partners fabulous fortunes; and become the leader in IPOs, M&A, FX, bond dealing, stock brokerage, derivatives, hedge funds, private equity, and real estate? As a strategy consultant to Goldman Sachs for more than thirty years, Charles D. Ellis developed close relationships with many of the firm's past and present leaders around the world. In The Partnership he probes deeply into the most important chapters in the firm's history, revealing the key events and decisions that tell the colorful, character-driven story of how Goldman Sachs became what it is today. Ellis tells the illuminating stories of the great personalities who sowed the seeds of Goldman Sachs's success: from Sidney Weinberg, a junior high school dropout with a flair for markets; to Gus Levy, who brought a ferocious intensity to every minute of every workday; to John Whitehead, who wrote the core values that defined a culture of teamwork in serving clients; to the unpretentious John Weinberg, who was the quintessential relationship banker of his era; to Robert Rubin and Hank Paulson, who both became secretary of the treasury; to Governor Jon Corzine; and finally to Lloyd Blankfein, current CEO and chairman of Goldman Sachs. Starting as a sole proprietorship dealing in commercial paper in the mid-nineteenth century, Goldman Sachs became an innovative underwriter, struggled to survive the crash and Depression, and came out of World War II to complete what was then the single most important transaction in Wall Street's history: Ford Motor Company's IPO. Goldman Sachs overcame a full set of dramatic perils: Penn Central's bankruptcy, Robert Maxwell's abusive frauds, and insider trading scandals. Ellis demonstrates how the firm's core values, intensive recruiting, entrepreneurial creativity, and disciplined risk taking—incorporating technology and hard work—laid the foundations, multiplied the firm's resources and profits, and magnified its power until it became today's Goldman Sachs: one of the most successful business organizations in the world. Download and start listening now!

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Quotes & Awards

  • Fascinating The Boston Globe
  • “Rich with insider lore, as well as the closed-door dramas of partnership clashes.”

    New York Times

  • “Fascinating!”

    Boston Globe

  • “Lively and engaging.”

    Publishers Weekly

Listener Opinions

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Boni | 1/11/2014

    " Has moments that are interesting, too much detail for my liking "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Gavin | 12/2/2013

    " Long, but interesting. Goldman Sachs is the Apple Inc of the financial world. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Michael Harris | 11/20/2013

    " An APL Recycled Reads find. A detailed and sometimes slow read of the history of both the Firm and "financial engineering" as it has evolved through the years. Puts our financial mess in perspective because of the greed and personal ambition of many. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Mike Graber | 9/17/2013

    " Great history on Goldman Sachs, lots of behind the scene stories "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Luigib | 3/31/2013

    " Good book if you are interviewing for a job at GS. Complex and long otherwise "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Marshall | 3/27/2013

    " This book took me forever to read. It was hard not to fall asleep. Too many grammatical errors, and way WAY too much detail about stuff I don't think anybody cares about. "

  • 1 out of 51 out of 51 out of 51 out of 51 out of 5 Chris Mcmanaman | 12/13/2012

    " Wow...this was painful. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Keith | 8/12/2012

    " I liked this history of the Goldman Sachs story. WHile they are reviled today, the explanation of what they do and how they do it is much less sinister. Still it all comes down to making money from money. That is a bad thing, or not?? Arguments can be made both ways. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 John Hibbs | 6/16/2012

    " Details the history of Goldman Sachs. After one hundred pages, I found myself skimming. There were some interesting portions but reading about rich investment bankers was a yawning experience on the whole. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Cramer Williams | 1/12/2012

    " An intriguing and informative look into the history of Goldman Sachs and those who worked to not only build their own companies but to build up world markets. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 David Glad | 7/22/2011

    " Reads like a case study of a company that fairly often loses its purpose -- sometimes at its own peril, in addition to everyone else's. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 Ashwin | 3/22/2011

    " The book is great, but a little slow. I suggest one should read it only in his vacations. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 Mark Oliveri | 1/21/2011

    " Factually correct and enjoyable to read but unnecessarily long. "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Luigib | 12/25/2010

    " Good book if you are interviewing for a job at GS. Complex and long otherwise
    "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Keith | 6/29/2010

    " I liked this history of the Goldman Sachs story. WHile they are reviled today, the explanation of what they do and how they do it is much less sinister. Still it all comes down to making money from money. That is a bad thing, or not?? Arguments can be made both ways. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Cramer | 10/22/2009

    " An intriguing and informative look into the history of Goldman Sachs and those who worked to not only build their own companies but to build up world markets. "

  • 5 out of 55 out of 55 out of 55 out of 55 out of 5 Mike | 6/29/2009

    " Great history on Goldman Sachs, lots of behind the scene stories "

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 Boni | 12/22/2008

    " Has moments that are interesting, too much detail for my liking "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 John | 12/18/2008

    " Details the history of Goldman Sachs. After one hundred pages, I found myself skimming. There were some interesting portions but reading about rich investment bankers was a yawning experience on the whole. "

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About the Author

Charles D. Ellis is a consultant to large public and private institutional investors. For three decades, he was managing partner of Greenwich Associates, the international business strategy consulting firm. He has taught investing at both Harvard and Yale and is the author of fifteen books, including the bestseller Winning the Loser’s Game.

About the Narrator

Norman Dietz is a writer, voice-over artist, and audiobook narrator. He has won six Earphones Awards and was named one of the fifty “Best Voices of the Century” by AudioFile magazine. He and his late wife Sandra transformed an abandoned ice-cream parlor into a playhouse, which served “the world’s best hot fudge sundaes” before and after performances. The founder of Theatre in the Works, he lives in Lancaster, Pennsylvania.