Lloyd Blankfein

Former chairman and CEO of Goldman Sachs, where he led the firm through the 2008 financial crisis and became a prominent voice on Wall Street leadership, risk management, markets, technology, and public policy.

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.

a16zMay 12, 202623 min read