I can’t think of another example of a big Wall Street firm saying so clearly through its trading positions as Goldman Sachs did over the past year that it thinks the rest of its industry, including its own people, is a bunch of idiots. They have obviously designed their firm to take into account their idiocy – without ever having to put too fine a point on it.
What Does Goldman Know That We Don’t? by Michael Lewis. For me, this brought to mind Roger Martin’s The Opposable Mind, but in this case it appears to be built into the corporate culture and structure, not just one leader’s mind.