How I Invest with David Weisburd E231: Lloyd Blankfein: Keynote at AlphaSummit
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Oct 27, 2025 
Lloyd Blankfein, former Chairman and CEO of Goldman Sachs, shares insights from his remarkable journey in finance. He reflects on his early life in Brooklyn and overcoming rejection to eventually lead Goldman through the 2008 financial crisis. The conversation explores the importance of communication and partnership culture in decision-making, the evolving role of technology on Wall Street, and the delicate balance between risk and intuition. Lloyd emphasizes the need for adaptability in a rapidly changing market and offers career advice for navigating the future.
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From Rejection To Running Goldman
- Lloyd Blankfein described being rejected by Goldman Sachs and joining J. Aron instead after being turned down.
- Goldman later bought J. Aron, bringing him into the firm where he spent decades rising to lead it.
Pride From Steering Through Crisis
- Lloyd said his proudest moments came from guiding Goldman through its worst periods, notably the financial crisis.
- He emphasized that steering an organization through extreme pressure defines leadership more than easy times.
Communication Builds Partner Culture
- Blankfein argued partnership culture is built through excessive communication and shared ownership.
- He said leaders should socialize decisions and know people multiple layers down to create partner-like judgment.