Goldman Sachs' savvy trades have produced outsize profits over the years. But when it comes to buying and selling its own stock, the investment bank has a shoddy record. Between 2006 and 2008, Goldman spent about $18 billion buying back 100 million shares at an average price of 184. Then the financial panic hit last fall, and Goldman had to scramble to raise capital. The company has since sold nearly $12 billion of stock at 123 a share. In essence, it lost $6 billion buying high and selling low.
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