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Lunch » Tags » Books » Reviews » When Money Was In Fashion: Henry Goldman, Goldman Sachs, and the Founding of Wall Street » User review

Rich History Explaining Wall Street's Beginning

  • Mar 1, 2010
Written by Henry Goldman's granddaughter, this well researched tale does an excellent job of explaining the early days of Wall Street and how the Goldmans and the Sachs got together to form the most powerful brokerage firm. The firm was actually founded by Henry's father Marcus and his good friend Joseph Sachs who also founded a top boy's prep school. At first the Goldman's and the Sachs were very close and several of their family were married in "arranged" fashion.

The children were never close though and were always at odds in the early firm. When Marcus passed on the Goldman's and the Sachs' virtually split and Henry Goldman and Sam Sachs (Joseph's son) were constantly fighting over the business.

It is amazing the opportunities that were ripe for these men at the time and their paths crossed with a virtual history book of famous people like Sears, Guggenheim, Lehman, who all went on to found huge companies too.

Highly recommend!

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March 09, 2010
Sounds like something I might like to read. Any idea when it was published??
March 09, 2010
I got an advanced reviewer copy. It is due out April 27th.
More When Money Was In Fashion: Hen... reviews
review by . March 21, 2010
This chatty, informal history of the Goldman and Sachs families was not at all what I expected. This is no formal history of the great financial house of Goldman Sachs, no instructive tale of banking lore. Fisher meanders through 150 years of family history like a loquacious aunt, throwing off anecdotes and idiosyncratic personal appraisals of family members, dropping brief mention of scandals, then dallying over details of mundane daily affairs. The men of the family are handsome and intelligent, …
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I first got on this blog to discuss my first passion which is books. Since I have gotten on I find that books are only a piece of this blog and I can discuss just about anything that comes to mind. It … more
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"When Money was in Fashion provides a much needed and fascinating look into the life of one of Wall Street's original elder statesmen. Fisher's story is both revealing and personal and provides behind-the-scenes insight into the formative period of Wall Street's growth." --Charles Geisst, Author of The Last Partnerships and Wall Street: A History

"Most Americans know more more about string theory than they do about high finance -- and even less about the character, family background and inner life of Wall Street's principle protagonists. This beautifully written and quietly revealing biography provides a timely, fascinating and discretely unflinching account of the life of Henry Goldman -- the sixth child and second son of Bertha and Marcus Goldman, the founder of Goldman Sachs, and a key if complex force in the evolution of the firm during the first two formative decades of the 20th century. Written by Goldman's granddaughter, June Fisher, it combines a rare inside family portrait of America's most powerful banking dynasty with an unusual degree of elegance, irony and restraint. Anyone interested in the history and lineage of Goldman Sachs will be riveted by Ms. Fisher's story." --Ric Burns, documentary filmmaker

"When Money Was in Fashion is a fascinating and enlightening window into a major part of Wall Street history: the now legendary investment banking firm of Goldman Sachs ...
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ISBN-10: 0230617506
ISBN-13: 978-0230617506
Author: June Breton Fisher
Publisher: Palgrave Macmillan

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