Lloyd Blankfein
Former chairman and CEO of Goldman Sachs and senior chairman of the firm, known for leading Goldman through the global financial crisis and for public commentary on markets, investing, and economic policy.
Lloyd Blankfein Says His Own Trading Is No Model for Investors
Former Goldman Sachs chief executive Lloyd Blankfein tells Sam Parr that his own money is invested in a way he would not recommend for most people: about 98% in risky assets, mostly equities, with heavy exposure to single stocks he follows and trades daily. Blankfein argues that this approach only makes sense because he spent decades in markets and is financially insulated from the outcome; for ordinary investors, he points instead to diversified equity exposure, more risk when young, and greater caution with age.
Risk Management Is Contingency Planning, Not Prediction
Lloyd Blankfein, the former Goldman Sachs chief executive, argues in a conversation with a16z’s David Haber that resilient institutions are built less on prediction than on disciplined contingency planning. Drawing on Goldman’s partnership culture, its financial-crisis risk controls and his view of AI, Blankfein says leaders must take risk while preserving the systems, information flow and judgment needed to survive being wrong.