Size and longevity are no guarantee of continued success.
Lehman Brothers has been in existence for nearly a century and a half. Merrill Lynch would have reached the century mark in six short years, had the bull survived.
That saguaro on the left likely lived for more than a century, since it takes 75 years for a desert saguaro to grow its first arm.
Lehman's company profile:
"Lehman Brothers Holdings Inc. is an investment banking firm. The Company's activities include capital raising for clients through securities underwriting and direct placements, corporate finance, merchant banking, securities sales and trading, research services and private client services. Lehman Brothers operates worldwide."
Not for long.
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