Lloyd Blankfein

That's Lloyd Blankfein, the former CEO of Goldman Sachs.

On the leadership lesson, it took him decades to learn.

Every episode of Executive Decisions goes inside the moments that define a leader's career.

Executive Decisions with me, Steve Sedgwick.

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Anybody who's investing, you know, you're doing two things.

You're trying to make money for yourselves and your clients.

And so you're trying to get out there and take risk.

And you're also trying to be a risk manager.

And you have to do both.

I think it was your quote there.

It's like, if you're so good at predicting the future, tell me what's going to happen next.

Once the present turns into the past, everybody's a genius.

Most of what we do with respect to risk is not so much predicting.

It's a lot of contingency planning.

We are on the precipice of some of the largest IPOs ever.

What are risks that you think are underappreciated?

Before this technological age, not just AI, but in general, could you have had a mistake that could cost billions of dollars?

Not really.

But now you can leave a piece of software, could go out and do 70,000 transactions.