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Lloyd Blankfein

πŸ‘€ Speaker
1832 total appearances

Appearances Over Time

Podcast Appearances

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

You know, I ended up having to do both things.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

But, you know, we have a lot of risk takers.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

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.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And by the way, not the most important part, but probably the bulk of the time is

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

is getting people to take more risk when they don't want to.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Totally.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

We think about that a lot here, too.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Yeah, because you get, you know, you get singed.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Right.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And you don't want to do it, but we're paid to put, you know, to put out money in the right place.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And so you just can't, you know, you can't be, you know, you can't be afraid.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

This was, you know, I spoke to Ashok kind of leading up to this conversation.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

He said maybe a few things.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

One was...

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

From his perspective.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

Ashok is the head of trading at Goldman Sachs, a long time at this point, head of it.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

And I think one of your mentees, or at least that's how he.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

I'm honored by that, but yes.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

I always think of myself more as a tour mentor than a mentor.

The a16z Show
Lloyd Blankfein on Risk, Crisis, and Leadership

He said some amazing things, which I want to come back to.