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Founders: #253 Henry Goldman (Goldman Sachs)

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What I learned from reading When Money Was In Fashion: Henry Goldman, Goldman Sachs, and the Founding of Wall Street by June Breton Fisher. ---- Get access to the World’s Most Valuable Notebook for Founders at Founders Notes.com ---- [2:30] The Uses of Adversity by Malcolm Gladwell [2:40] Business Breakdowns: Goldman Sachs: Fortune Favors The Old [3:00] Men can learn from the past, and I've been shocked how little some of the younger executives in the present firm know about its origins. They don't even know that my grandfather, whose picture is on the wall there, founded the firm. [3:46] My grandfather, Henry Goldman, was the son of a poor German immigrant named Marcus Goldman. Marcus Goldman is the founder of Goldman Sachs. [5:45] Levi Strauss: The Man Who Gave Blue Jeans to the World by Lynn Downey (Founders #33) [7:10] The job Marcus Goldman was grateful to have: Walking the streets peddling goods seven days a week. Working regardless of rain, or snow, or the humid summer heat. [9:13] Henry had been slow learning to read. It was finally determined that the youngster suffered from astigmatism, and his chores in the shop were limited to fetching and carrying articles from the sto

[00:00:00] Among the many letters of sympathy received by the family after Henry's death was one from Sidney Weinberg, who had been elevated to the position of partner in Goldman Sachs in 1927 and assumed the role of senior partner five years later. Weinberg had started his career with the firm as a janitor's assistant, an eighth-grade dropout whose chores included cleaning the office and brushing off the partner's boots. For a long time, he was known around the office simply as Boy. But like Henry, whom he greatly admired and viewed as one of the geniuses behind the success of Goldman…

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