A new book called "The Partnership" tells the story of Marcus and Samuel's Financial Fun Factory - Goldman Sachs

Charles Ellis asks why the (former) investment bank Goldman Sachs has achieved "acknowledged excellence". Marcus Goldman founded M Goldman in 1869, and was joined over 10 years later by junior partner Samuel Sachs. One of Goldman's oldest clients is Sears, Roebuck & Co. (note: Kmart (founded in Detroit) and Sears (founded in Minnesota) were merged in March 2005). Fischer Black, a partner in the company and pioneer of stock options valuation, described the company as better than a university since "the firm's business required continual learning as it adapts to new conditions".