Secret Revealed by Ex-Goldman Sachs Trader
It's often cited as one of the most disliked companies in America, but one ex-Goldman Sachs employee says the company does something few people know about which has caused the stock to outperform its peers.
From 2008 to 2012, Enis Taner was a Goldman Sachs trader for four years on their Financial Sector Equity Options desk. Today he's a Talking Numbers contributor and Global Macro Editor at RiskReversal.com.
Though Taner is still long restricted shares of Goldman (in fact, it's his largest position), he believes the entire banking sector has some rough times given the trouble in Europe. However, Goldman's advantage will still keep it ahead of its competitors.
What's giving Goldman the upper hand? Here's a hint: it has something to do with what they've done to their workforce.
Watch the video above to find out more and also see an analysis of its charts by Talking Numbers contributor Richard Ross, Global Technical Strategist at Auerbach Grayson.