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When Money Was In Fashion: Henry Goldman, Goldman Sachs, and the Founding of Wall Street

Average Rating 4.5
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  • Posted March 1, 2010

    more from this reviewer

    Rich History Explaining Wall Street's Beginning

    Written by Henry Goldman's granddaughter, this well researched tale does an excellent job of explaining the early days of Wall Street and how the Goldmans and the Sachs got together to form the most powerful brokerage firm. The firm was actually founded by Henry's father Marcus and his good friend Joseph Sachs who also founded a top boy's prep school. At first the Goldman's and the Sachs were very close and several of their family were married in "arranged" fashion.

    The children were never close though and were always at odds in the early firm. When Marcus passed on the Goldman's and the Sachs' virtually split and Henry Goldman and Sam Sachs (Joseph's son) were constantly fighting over the business.

    It is amazing the opportunities that were ripe for these men at the time and their paths crossed with a virtual history book of famous people like Sears, Guggenheim, Lehman, who all went on to found huge companies too.

    Highly recommend!

    2 out of 2 people found this review helpful.

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  • Anonymous

    Posted April 22, 2012

    Mating place 2

    Goldclan mating place 2.

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  • Posted October 4, 2010

    more from this reviewer

    An intriguing family history of Goldman Sachs

    The Goldman Sachs colossus straddles the financial world today, but it started as a family business. June Breton Fisher, great-granddaughter of founder Marcus Goldman, draws on information from relatives and her own memories to portray the little-known story of the firm's founding. Two teenage boys met in a synagogue in Bavaria and throughout marriages, births, deaths, conflict and scandal, they gave life to Goldman Sachs. Whatever you may think of the bank, you'll find its forebears, particularly Henry Goldman, to be intriguing, innovative and very human. getAbstract recommends this loving memoir for its slice-of-life narrative, though astute readers will need to sort through its scattered inconsistencies and errors. And, it lacks a badly needed family tree. You might quibble over the title - after all, when hasn't money been in fashion? - but Henry's quote actually was, "Money will always be in fashion." How right he was.

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  • Anonymous

    Posted January 5, 2011

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  • Anonymous

    Posted August 16, 2010

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