Mohacsy's Safe Portfolio Member Forum

[RichardTC]

Goldman is a lightning rod for criticism, but the problem is more pervasive. The real problem is that there's a natural conflict between fiduciary responsibility and firm profitability. I think that conflict can be ethically managed to yield high quality advice and a profitable business, but the rules are typically written by the individuals who most benefit from increased profitability. There has to be a balance.