Book Quote by William D. Cohan
“Because I wrote a book about Goldman Sachs. And I know that, from talking to people at Goldman Sachs, that Trump is the poster child for the kind of client they don't want to do business with, mainly because he would borrow all this money from Wall Street to build his casinos, and then didn't pay it back.”
About This Quote
Source Book: Money and Power: How Goldman Sachs Came to Rule the World by William D. Cohan, 2012
Trump exemplifies a client type that financial firms avoid due to risky, unreliable behavior.
In simple terms: Trump is a risky client banks reject.
Key Takeaway
Assess client risk before engagement.
Themes
finance
risk
client management
Mood
cautionary
analytical
Type
business
financial
When to use this quote
- banking
- investment decisions
- regulatory compliance
Key Concepts
corporate governance
ethical investing
Questions to Reflect On
- What criteria should firms use to reject clients?
- How do profit motives conflict with risk management?
A Different Perspective
Risky clients may still generate profit, complicating decisions.
