Lloyd Blankfein
π€ SpeakerAppearances Over Time
Podcast Appearances
You know, I ended up having to do both things.
But, you know, we have a lot of risk takers.
And I would say that the biggest challenge for management is the risk management side, which is really getting people to refrain from risk, which is about a third of the time when you're in that business.
And by the way, not the most important part, but probably the bulk of the time is
is getting people to take more risk when they don't want to.
Totally.
We think about that a lot here, too.
Yeah, because you get, you know, you get singed.
And you don't want to do it, but we're paid to put, you know, to put out money in the right place.
And so you just can't, you know, you can't be, you know, you can't be afraid.
This was, you know, I spoke to Ashok kind of leading up to this conversation.
He said maybe a few things.
One was...
From his perspective.
Ashok is the head of trading at Goldman Sachs, a long time at this point, head of it.
And I think one of your mentees, or at least that's how he.
I'm honored by that, but yes.
I always think of myself more as a tour mentor than a mentor.
He said some amazing things, which I want to come back to.