--- title: "Meaning & Key Takeaway of: Salomon Brothers, E. F. Hutton, Shearson…" description: "\"Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.\" — James P. Gorman" image: "https://sms4smile.com/quotes/i/37d/james-p-gorman-14001_brothers_salomon-brothers-e-f-hutton-shearson-leh_1608289.png" --- # Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith… ![“Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.” quote by James P. Gorman](https://sms4smile.com/quotes/i/37d/james-p-gorman-14001_brothers_salomon-brothers-e-f-hutton-shearson-leh_1608289.png) [Download](https://sms4smile.com/quotes/i/37d/james-p-gorman-14001_brothers_salomon-brothers-e-f-hutton-shearson-leh_1608289.png) [Open image](https://sms4smile.com/quotes/i/37d/james-p-gorman-14001_brothers_salomon-brothers-e-f-hutton-shearson-leh_1608289.png) > “Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.” [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Financial firms may vanish, but the market continues, highlighting the resilience and continuity of the broader economic system. **In simple terms:** Markets persist despite firm failures. Key Takeaway Adapt to market continuity. Themes economics resilience change Mood analytical pragmatic Type business financial When to use this quote - investment strategy - career planning - risk management Key Concepts market dynamics financial history Questions to Reflect On - How do you stay resilient in finance? - What lessons do past failures teach? A Different Perspective New firms also shape markets. ★ ★ ★ ★ ★ No ratings yet [Barney Firms](https://sms4smile.com/quotes/about/barney-firms-6128979/) [Brothers](https://sms4smile.com/quotes/about/brothers/) [Disappear](https://sms4smile.com/quotes/about/disappear/) [Disappear Street](https://sms4smile.com/quotes/about/disappear-street-6128978/) [Firms](https://sms4smile.com/quotes/about/firms-1618662/) [Firms Disappear](https://sms4smile.com/quotes/about/firms-disappear-6128977/) [Just](https://sms4smile.com/quotes/about/just/) [Salomon Brothers](https://sms4smile.com/quotes/about/salomon-brothers-2553061/) [Smith](https://sms4smile.com/quotes/about/smith/) [Street](https://sms4smile.com/quotes/about/street/) ## Related quotes > [“Buffett also reaffirmed that they like John Gutfreund, Chairman of Salomon Brothers, very much. Munger (whose favorite expression seemed to be, “It’s one tough…](https://sms4smile.com/quotes/daniel-pecaut/buffett-also-reaffirmed-that-they-like-john-gutfreund-chairman-of/) [Daniel Pecaut](https://sms4smile.com/quotes/author/daniel-pecaut/) > [“What Gutfreund said has become a legend at Salomon Brothers and a visceral part of its corporate identity. He said: “One hand, one million…](https://sms4smile.com/quotes/michael-lewis/what-gutfreund-said-has-become-a-legend-at-salomon-brothers-and-a/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [“A big bonus was about as well concealed on the Salomon Brothers trading floor as the results of a hot date in a high…](https://sms4smile.com/quotes/michael-lewis/a-big-bonus-was-about-as-well-concealed-on-the-salomon-brothers/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [“Donnie Green himself had been a trader at Salomon Brothers in the dark ages, when traders had more hair on their chests than on…](https://sms4smile.com/quotes/michael-lewis/donnie-green-himself-had-been-a-trader-at-salomon-brothers-in-the/) [Michael Lewis](https://sms4smile.com/quotes/author/michael-lewis/) > [Technology has made it easier for different firms to coordinate their activities with one another, and they don't have to be part of one…](https://sms4smile.com/quotes/erik-brynjolfsson/technology-has-made-it-easier-for-different-firms-to-coordinate-their/) [Erik Brynjolfsson](https://sms4smile.com/quotes/author/erik-brynjolfsson/) > [Firms that draw commitment from customers and staff give them a way to sign up for something that can allow them to be their…](https://sms4smile.com/quotes/john-jantsch/firms-that-draw-commitment-from-customers-and-staff-give-them-a-way/) [John Jantsch](https://sms4smile.com/quotes/author/john-jantsch/) > [I've been a customer of the top venture capital firms, so I know exactly what they do and don't do.](https://sms4smile.com/quotes/marc-andreessen/i-ve-been-a-customer-of-the-top-venture-capital-firms-so-i-know/) [Marc Andreessen](https://sms4smile.com/quotes/author/marc-andreessen/) > [“biggest wins from new technology will go to the societies and firms that don’t just double down on the past but that can adapt…](https://sms4smile.com/quotes/alec-j-ross/biggest-wins-from-new-technology-will-go-to-the-societies-and-firms/) [Alec J. Ross](https://sms4smile.com/quotes/author/alec-j-ross/) > [“In other words, some of the biggest software firms aren’t considered software firms because they’re making money with software, not from it. Their software…](https://sms4smile.com/quotes/stephen-o-grady/in-other-words-some-of-the-biggest-software-firms-aren-t-considered/) [Stephen O’Grady](https://sms4smile.com/quotes/author/stephen-o-grady/) > [People go to work at Wall Street firms to make a lot of money. They may not love what they are doing, but the…](https://sms4smile.com/quotes/richard-edelman/people-go-to-work-at-wall-street-firms-to-make-a-lot-of-money-they/) [Richard Edelman](https://sms4smile.com/quotes/author/richard-edelman/) > [There are a lot of ethical firms on Wall Street.](https://sms4smile.com/quotes/john-j-mack/there-are-a-lot-of-ethical-firms-on-wall-street/) [John J. Mack](https://sms4smile.com/quotes/author/john-j-mack/) > [“He eventually became an executive for a firm. This meant that he actually executed persons with showers of legal documents proving that they owed…](https://sms4smile.com/quotes/leonora-carrington/he-eventually-became-an-executive-for-a-firm-this-meant-that-he/) [Leonora Carrington](https://sms4smile.com/quotes/author/leonora-carrington/) > [Firms are a bit concerned about things like oil prices and US growth but actually the change (in firms expectations) is quite small so…](https://sms4smile.com/quotes/peter-morgan/firms-are-a-bit-concerned-about-things-like-oil-prices-and-us-growth/) [Peter Morgan](https://sms4smile.com/quotes/author/peter-morgan/) > [VC firms that don't have a brand are going to struggle. Because there is a lot of money out there, you need to have…](https://sms4smile.com/quotes/naval-ravikant/vc-firms-that-don-t-have-a-brand-are-going-to-struggle-because-there/) [Naval Ravikant](https://sms4smile.com/quotes/author/naval-ravikant/) > [In the large buy out space, which is where we (Kohlberg Kravis Roberts) focus our efforts, there are relatively few firms with the capital,…](https://sms4smile.com/quotes/henry-kravis/in-the-large-buy-out-space-which-is-where-we-kohlberg-kravis-roberts/) [Henry Kravis](https://sms4smile.com/quotes/author/henry-kravis/) ## More by James P. Gorman > [I think anybody who says they don't care about being liked is lying. I care if my dog waves its tail when I come…](https://sms4smile.com/quotes/james-p-gorman/i-think-anybody-who-says-they-don-t-care-about-being-liked-is-lying-i/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Supply and demand eventually rebalance. We've seen this again and again and again.](https://sms4smile.com/quotes/james-p-gorman/supply-and-demand-eventually-rebalance-we-ve-seen-this-again-and/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [I'm one of 10 children, and all my brothers call me Jim. And all my sisters... well, they call me something even more affectionate.…](https://sms4smile.com/quotes/james-p-gorman/i-m-one-of-10-children-and-all-my-brothers-call-me-jim-and-all-my/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [If you consider the contribution of plumbing to human life, the other sciences fade into insignificance.](https://sms4smile.com/quotes/james-p-gorman/if-you-consider-the-contribution-of-plumbing-to-human-life-the-other/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [The threshold question: Will banks continue to exist? The answer is yes, because society will still need the two essential functions they provide: mobilization…](https://sms4smile.com/quotes/james-p-gorman/the-threshold-question-will-banks-continue-to-exist-the-answer-is-yes/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [To enable large U.S. banks to support their clients better, the Volcker rule should be clarified.](https://sms4smile.com/quotes/james-p-gorman/to-enable-large-u-s-banks-to-support-their-clients-better-the-volcker/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [If you underperform for your owners, eventually they pick up their bat and ball and go home.](https://sms4smile.com/quotes/james-p-gorman/if-you-underperform-for-your-owners-eventually-they-pick-up-their-bat/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [That is what made America great: that everyone had the opportunity to be a winner. And I think it's still there. I'm certainly a…](https://sms4smile.com/quotes/james-p-gorman/that-is-what-made-america-great-that-everyone-had-the-opportunity-to/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Cats don't bark and act brave when they see something small in fur or feathers, they kill it. Dogs tend to bravado. They're braggarts.…](https://sms4smile.com/quotes/james-p-gorman/cats-don-t-bark-and-act-brave-when-they-see-something-small-in-fur-or/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Every now and then, markets behave like schoolchildren. They overreact, they run around like crazy.](https://sms4smile.com/quotes/james-p-gorman/every-now-and-then-markets-behave-like-schoolchildren-they-overreact/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [I'm not that interested in just being around powerful people for the sake of it.](https://sms4smile.com/quotes/james-p-gorman/i-m-not-that-interested-in-just-being-around-powerful-people-for-the/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Flyfishing, which has a vaguely mystical aura, is a lot like work. I'm a frenetic flyfisherman. I wade up and down streams, looking for…](https://sms4smile.com/quotes/james-p-gorman/flyfishing-which-has-a-vaguely-mystical-aura-is-a-lot-like-work-i-m-a/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [Banking's a sexy industry! Creative - it's dynamic, it's global, it's fast-moving, you bring a lot of talented people together!](https://sms4smile.com/quotes/james-p-gorman/banking-s-a-sexy-industry-creative-it-s-dynamic-it-s-global-it-s-fast/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [As much as the banking system may not be terribly popular, it is an essential part of the economy.](https://sms4smile.com/quotes/james-p-gorman/as-much-as-the-banking-system-may-not-be-terribly-popular-it-is-an/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) > [You will not see, in my career, the kind of returns this industry had in 2005 and 2006 for a very simple reason -…](https://sms4smile.com/quotes/james-p-gorman/you-will-not-see-in-my-career-the-kind-of-returns-this-industry-had/) [James P. Gorman](https://sms4smile.com/quotes/author/james-p-gorman/) [Explore all 48 James P. Gorman quotes ](https://sms4smile.com/quotes/author/james-p-gorman/) ## More Brothers quotes > [Whether it was Little League or playing with your brothers or sisters, that was always a problem. If I would lose - because I…](https://sms4smile.com/quotes/cal-ripken-jr/whether-it-was-little-league-or-playing-with-your-brothers-or-sisters/) [Cal Ripken, Jr](https://sms4smile.com/quotes/author/cal-ripken-jr/) > [Holy shadows of the dead, I'm not to blame for your cruel and bitter fate, but the accursed rivalry which brought sister nations and…](https://sms4smile.com/quotes/alexander-the-great/holy-shadows-of-the-dead-i-m-not-to-blame-for-your-cruel-and-bitter/) [Alexander the Great](https://sms4smile.com/quotes/author/alexander-the-great/) > [“Zed and Sky had stayed behind and were chatting with Will, Sky sitting on Zed's knee as if nothing was going to get them…](https://sms4smile.com/quotes/joss-stirling/zed-and-sky-had-stayed-behind-and-were-chatting-with-will-sky-sitting/) [Joss Stirling](https://sms4smile.com/quotes/author/joss-stirling/) > [“But if I had to pick another person for her, I'd have to say you, Jess, since I hold you in such high regard.…](https://sms4smile.com/quotes/maggie-brendan/but-if-i-had-to-pick-another-person-for-her-i-d-have-to-say-you-jess/) [Maggie Brendan](https://sms4smile.com/quotes/author/maggie-brendan/) > [Brothers all In honour, as in one community, Scholars and gentlemen.](https://sms4smile.com/quotes/william-wordsworth/brothers-all-in-honour-as-in-one-community-scholars-and-gentlemen/) [William Wordsworth](https://sms4smile.com/quotes/author/william-wordsworth/) > [I would love 'Aankhen 2' to happen. I would have Govinda and I play these two brothers and having kids who can take it…](https://sms4smile.com/quotes/chunky-pandey/i-would-love-aankhen-2-to-happen-i-would-have-govinda-and-i-play/) [Chunky Pandey](https://sms4smile.com/quotes/author/chunky-pandey/) > [The Jonas Brothers are all sweet. Theyre so amazing to me. Theyve become really good friends of mine, but Im not dating any of…](https://sms4smile.com/quotes/selena-gomez/the-jonas-brothers-are-all-sweet-theyre-so-amazing-to-me-theyve/) [Selena Gomez](https://sms4smile.com/quotes/author/selena-gomez/) > [Please be slow to judge ‘brothers’ who have a different calling.](https://sms4smile.com/quotes/jon-foreman/please-be-slow-to-judge-brothers-who-have-a-different-calling/) [Jon Foreman](https://sms4smile.com/quotes/author/jon-foreman/) > [I began with small roles in successful movies like 'No Country For Old Men' by the Coen brothers; but it was 'The Last Exorcism'…](https://sms4smile.com/quotes/caleb-landry-jones/i-began-with-small-roles-in-successful-movies-like-no-country-for-old/) [Caleb Landry Jones](https://sms4smile.com/quotes/author/caleb-landry-jones/) > [My brothers and sister and me grew up making fun of each other, the way we'd speak or move. When we get together, everyone's…](https://sms4smile.com/quotes/colman-domingo/my-brothers-and-sister-and-me-grew-up-making-fun-of-each-other-the/) [Colman Domingo](https://sms4smile.com/quotes/author/colman-domingo/) > [Mr. Peabody is this genetic anomaly. He does have brothers and sisters, all of them non-speaking, not super-smart dogs. He's an outcast, but has…](https://sms4smile.com/quotes/rob-minkoff/mr-peabody-is-this-genetic-anomaly-he-does-have-brothers-and-sisters/) [Rob Minkoff](https://sms4smile.com/quotes/author/rob-minkoff/) > [I had six brothers and four sisters and I competed with my brothers every day when I was a kid. If you lost in…](https://sms4smile.com/quotes/george-blanda/i-had-six-brothers-and-four-sisters-and-i-competed-with-my-brothers/) [George Blanda](https://sms4smile.com/quotes/author/george-blanda/) > [On the gallows tree, all men are brothers.](https://sms4smile.com/quotes/anonymous/on-the-gallows-tree-all-men-are-brothers/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [ What are you for? It may be, to a degree, consoling that white brothers and sisters did not vote for \[Donald\] Trump, and do… ](https://sms4smile.com/quotes/michael-eric-dyson/what-are-you-for-it-may-be-to-a-degree-consoling-that-white-brothers/) [Michael Eric Dyson](https://sms4smile.com/quotes/author/michael-eric-dyson/) > [Real estate funded our first creative endeavors as teenagers and we were doing what we do long before the show 'Property Brothers' was pitched.](https://sms4smile.com/quotes/drew-scott/real-estate-funded-our-first-creative-endeavors-as-teenagers-and-we/) [Drew Scott](https://sms4smile.com/quotes/author/drew-scott/) [Browse all 1,709 Brothers quotes ](https://sms4smile.com/quotes/about/brothers/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Salomon Brothers, E. F. Hutton, Shearson, Lehman, Smith Barney... all these firms disappear, and the Street just rolls on.", "creator": { "@type": "Person", "name": "James P. 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