Goldman Sachs is the hottest bank on Wall Street. Wells Fargo’s logo is a 19th-century stagecoach drawn by six horses. Goldman makes almost half its revenues from fixed income, currencies and commodity trading. Wells’s biggest division is quaintly named “community banking”. Goldman is so successful it is simultaneously attacked and courted by Washington. Wells avoids the spotlight. For all these differences, however, shareholders in the two banks have made identical total returns over the past decade: about 100 per cent.
高盛(Goldman Sachs)是华尔街最热门的银行。富国银行(Wells Fargo)的标识是一辆19世纪的、6匹马拉的驿站马车。高盛近一半的营收来自固定收益、外汇和大宗商品交易。富国规模最大部门的名字——“社区银行”——则给人以不可思议之感。高盛是如此的成功,以至于它同时受到了华盛顿的抨击与奉承。富国则刻意远离聚光灯。尽管存在种种差异,这两家银行的股东在过去10年里却实现了同样的总回报率:都为100%左右。