Goldman Sachs has engaged its finest minds to work out who will win football's biggest tournament in South Africa next month.
It is accepted wisdom Goldman Sachs has some of the brightest brains in the business. How else could its trading operations make at least $25m (£17m) on every one of the 63 trading days in the first quarter, as revealed in an SEC filing this week? So when the bank affectionately dubbed "Goldmine Sachs" engages its brains to the more important task - calculating who will win the World Cup - pundits take note. Goldman crunched the chances for each team according to its FIFA ranking, the odds at the bookmakers, and then penalised each by the respective toughness of its schedule - presuma...
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