The partners do assume risk because, as owners, they share in losses as well as profits — and this year has been a tough one for Goldman and the rest of Wall Street, as rising interest rates brought
spectacular trading losses.
Not exact matches
If you had, you would have
traded some
spectacular gains in the stock market for
losses in the bond market!
In the early nineties he engaged in unauthorised
trading which while initially profitable, soon ran into
spectacular losses.