3 places Ex-Goldman CEO is putting his money right now

My First Million

Summary

Lloyd Blankfein, former CEO of Goldman Sachs, shares his insights on investing, leadership, and personal growth. He discusses his shift from being a high-stakes executive to managing his own portfolio, emphasizing the importance of staying in risky assets like equities while remaining disciplined. He reflects on his humble beginnings in Brooklyn, the value of resilience in trading, and why reading history is essential for understanding current market patterns. Throughout, he stresses that while he had a long career at Goldman, one's life should be defined by much more than just a professional title.

Chapters

  1. 0:00Investment Philosophy and Mindset
  2. 6:33Discipline and Success Traits
  3. 11:50Managing Risk and Crisis
  4. 17:06The Buffett Investment Story
  5. 25:05Current Portfolio Strategy
  6. 40:44Work-Life Balance and Partnership
  7. 52:14Financial Upbringing and Perspective

Topics covered

  • Investing Strategy
  • The Role of Luck

+4 more topics (full content when you follow the channel)

Transcript excerpt

The difference between somebody who's really really good and somebody who can't make it is not that great. >> Goldman Sachs senior chairman and former CEO Lloyd Blankfine. >> Your portfolio as a pie chart. What does it look like right now? >> I invest in risky assets. That's what's fun for me. I would say that 98% are equities. >> What are some of your biggest holdings? >> This is going to be controversial. I don't know who I'm going to upset, but you know, it's like >> Are you trading every day? >> That's crazy. >> Yes. >> No, it's not. It's like taking a lot of discipline not to look at my screen while I'm talking. It's like So, you're bullish on big tech. Anything else? >> It's been good to be bullish on big tech and I'll stop being bullish on it when it stops going up. >> What did the people who couldn't outperform, what did the bottom half have in common? >> The bigger takeaway is t…