高盛

Lex_Goldman Sachs
Lex专栏:高盛的六年轮回


高盛今年第一季度的收入及当前股价与六年前相差无几,但普通股股东权益已增长为六年前的2.5倍,年化股本回报率从六年前的36%下降至12%。

Forget the details, the giant squids and the editorial rants of a ping-pong champion. The best way for investors to get their heads around banks such as Goldman Sachs is to go back in time. As the US broker announced its results yesterday, its share price was the same as it was at the end of 2005. How does today’s Goldman compare with Goldman six years ago and what do the similarities and differences reveal?

忘掉各种细节、“大吸血乌贼”和一位乒乓球冠军的不满评论吧。投资者理解高盛(Goldman Sachs)等银行的最佳方式是回顾一下历史。这家美国经纪机构昨日发布财报时,股价正好与2005年年末时的股价一样。与6年前相比,今日的高盛情况如何?今日与往昔之间的相似和不同之处揭示了什么?

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