So says Michael Lewis, he of Liar’s Poker fame, but not for the reasons you might think.
From Lewis’s latest Bloomberg column, in which he (lightheartedly) debunks some of the Goldman Sachs rumours currently in circulation:
Rumor No. 5: Goldman Sachs is “a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.”
Those words are of course taken from a recent issue of Rolling Stone magazine and they are transparently false.
For starters, the vampire squid doesn’t feed on human flesh. Ergo, no vampire squid would ever wrap itself around the face of humanity, except by accident. And nothing that happens at Goldman Sachs — nothing that Goldman Sachs thinks, nothing that Goldman Sachs feels, nothing that Goldman Sachs does –ever happens by accident.
You can read Lewis’s decimation of rumours one to four here.
Related links:
Vampire squid, illustrated edition – FT Alphaville
Things do not always go Goldman Sachs’ way – FT Alphaville