Remembering John Gutfruend, 'King of Wall Street'

The video discusses John Goodfriend's significant impact on Wall Street, highlighting his role in transforming Salomon Brothers into a leading investment firm. Despite a career setback due to a trading scandal, Goodfriend's foresight and innovations in risk management left a lasting legacy. His influence extended beyond finance, contributing to the social fabric of New York City through philanthropy. The video also touches on his relationship with notable figures like Mike Bloomberg and his portrayal in Michael Lewis's 'Liar's Poker'.

What was John Goodfriend known for in the investment banking world?

• Writing a famous book on economics

• Inventing new trading algorithms

• Transforming Salomon Brothers into a leading firm

• Creating the first hedge fund

What significant event led to John Goodfriend losing his job in 1991?

• A major trading scandal

• A hostile takeover

• A financial crisis

• A personal scandal

How did John Goodfriend's approach to Wall Street compare to a famous moment in music history?

• Like the Beatles' first album release

• Like Michael Jackson's moonwalk

• Like Bob Dylan picking up an electric guitar

• Like Elvis Presley's first TV appearance

What was one of the limitations faced by Wall Street during Goodfriend's time?

• Scarcity of investment opportunities

• Inadequate financial regulations

• Limited tools for risk management

• Lack of digital trading platforms

How did John Goodfriend contribute to New York City after his career collapse?

• By teaching at a university

• By writing a memoir

• Through philanthropy and public service

• By starting a new investment firm