The Partnership: The Making of Goldman Sachs

by Charles D. Ellis

Yet Catchings would in just ten years very nearly destroy the firm, proving once again that articulate optimists encouraged by early successes and armed with financial leverage can become hugely destructive.

Where the Sachses were genteel, cultured, and had refined tastes, Weinberg was smart, tenacious, and aggressive. “We had learned to live by the street code: you do everything right—and nothing wrong,” explained Weinberg, who had scars on his back from knife fights as a newspaper boy. “We would never retreat for anything or from anybody.”

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