How the Ex-Goldman CEO actually invests his own money
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Episode 834: Sam Parr ( https://x.com/theSamParr ) sits down with former Goldman Sachs CEO Lloyd Blanfein ( https://x.com/lloydblankfein ) to talk about what he does with his money.
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Show Notes:
(0:00) Lloyd on Money, Day Trading, and Feeling “Rich”
(3:52) Meeting Elon
(5:23) What the worst traders have in common
(9:54) Warren Buffett’s handshake deal
(15:04) Lloyd breaks down his portfolio
(20:41) Advice to young investors
(23:09) biggest mistakes
(25:54) Anxiety as a superpower
(27:54) Family finances
(31:35) Scarcity
(40:46) The Goldman Obituary Test
(43:53) Lessons from history
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Links:
• Streetwise - https://www.penguinrandomhouse.com/books/780438/streetwise-by-lloyd-blankfein/
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Check Out Sam's Stuff:
• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury for banking across all of his companies. you can too: http://mercury.com/
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My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
Lloyd Blankfein on Risk, Crisis, and Leadership
David Haber speaks with Lloyd Blankfein, former CEO of Goldman Sachs, about leadership, risk, and navigating moments of extreme uncertainty. Drawing on his experience leading Goldman through the financial crisis, Blankfein shares how organizations can build resilience, make decisions under pressure, and maintain culture while scaling.
They discuss the importance of risk management as both a discipline and a mindset, the difference between being wrong and being reckless, and how great organizations balance taking risk with protecting against it. Blankfein also reflects on Goldman’s partnership culture, how it shaped decision-making and accountability, and what it takes to build enduring institutions over time.
The conversation also touches on technology, from the role it played in transforming financial markets to the implications of AI today, including its potential, risks, and the challenges of operating in systems that are increasingly complex and harder to fully understand.
Resources:
Follow Lloyd on X: https://x.com/lloydblankfein
Follow David Haber on X: https://x.com/dhaber
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Please note that the content here is for informational purposes only; should NOT be taken as legal, business, tax, or investment advice or be used to evaluate any investment or security; and is not directed at any investors or potential investors in any a16z fund. a16z and its affiliates may maintain investments in the companies discussed. For more details please see a16z.com/disclosures.
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Former Goldman Sachs CEO Lloyd Blankfein on Why He Doesn't Tweet
Lloyd Blankfein was CEO of Goldman Sachs for more than a decade, riding the trading boom to the top of the storied investment bank and steering it through the 2008 financial crisis. In his new memoir, Streetwise: Getting To and Through Goldman Sachs, he writes about his journey from public housing in Brooklyn to the pinnacle of Wall Street. So what's he up to now? And how does he see markets and finance today? In this episode, we talk about deglobalization and Wall Street, the threats AI and tech pose to investment banking, risk management in private credit, and rich people's attitudes towards taxes. Plus, Lloyd shares some of what he left out of the book and he explains why he doesn't tweet more.
Read more:Goldman’s Solomon Is Watching for ‘Frothiness’ in Private CreditPrivate Market Titans Warn of Pain as Credit Cracks Widen
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