Lloyd Blankfein

23 statements across 1 episodes · 5 bullish · 4 bearish · 1 people on the record · first statement May 12, 2026 by Lloyd Blankfein · said 1 times in 1 episodes since 2024 · across every show →

On the record as a speaker too: Lloyd Blankfein's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Lloyd Blankfein, oldest first

May 12, 2026 positive
Assertion Partly supported
Blankfein: AI hyperscalers are led by founder-owners risking their own equity
“The people who are, you know, the big hyperscalers are firms that are dominated by founding shareholders who are putting their own money where their mouth is. These aren't professional managers Making bets on the future with other people's money. This is their…”
Lloyd Blankfein May 12, 2026 ▶ 1:00:49 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 negative
Insight
Blankfein: Active social media posting offers no value and high cancellation risk
“Being in the risk management business, I always know that everybody keeps doing that, and eventually you get, Canceled because you do, you know, you do something, you step over some invisible line that, you know, that nobody knew about. And so I realized that …”
Lloyd Blankfein May 12, 2026 ▶ 1:21 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Companies should prioritize board members who have survived real crises
“And that's why, I mean, my advice you know, when you pick board members, and by this a very, I'm turning something that's generic into a very narrow things, I think a good place to go is find people who've already gone through a crisis. Because to me, people w…”
Lloyd Blankfein May 12, 2026 ▶ 6:11 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Institutional risk management relies on contingency planning, not predicting the future
“Most of what we do with respect to risk is not so much predicting, it's a lot of contingency planning.”
Lloyd Blankfein May 12, 2026 ▶ 0:17 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 positive
Insight
Blankfein: Risk meetings should prioritize concrete action plans over debating probabilities
“And when you go around the table for those meetings, you're not so much interested in what people think about the future, where things will go. You just want to know, forget about what you think the likelihood, improbability of something happening is. What wil…”
Lloyd Blankfein May 12, 2026 ▶ 16:08 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 positive
Opinion
Blankfein: Goldman Sachs partnership grants a baseline presumption of intelligence
“Saying that, you know, look, I was a partner at Goldman. I'm not saying this is exclusive to Goldman. But saying your partner, at least people will, the presumption has shifted that you're not a dummy unless you prove you're a dummy, as opposed to other people…”
Lloyd Blankfein May 12, 2026 ▶ 40:46 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 neutral
Insight
Blankfein: Halting AI development is futile because knowledge cannot be unlearned
“You're not gonna get people to be stupider than they are or unlearn things they've already learned. You can wish that atomic, that the atom had never been split, because maybe the adverse consequences of atomic bombs are worse than the benefits of nuclear powe…”
Lloyd Blankfein May 12, 2026 ▶ 1:08:05 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: In a Crisis, Key Leadership Task Is Keeping People Performing
“Most of the time, like at Goldman and in most, most of life, in a crisis time, the real important thing is just to get people to do their jobs, and to stop being, you know, stop, you know, don't be frozen, and don't be Don't submit to the chaos.”
Lloyd Blankfein May 12, 2026 ▶ 4:27 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 neutral
Assertion Not checkable as stated
Blankfein confirms Wall Street legend about eating salad during active shooter scare
“No, that was, yeah, that was real, but it wasn't, you know, it wasn't like I was hungry. I saw every, you know, I always used, in moments of crisis like that, I always tried to be disarming.”
Lloyd Blankfein May 12, 2026 ▶ 2:26 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 neutral
Insight
Blankfein: Managing risk mostly means persuading hesitant employees to take more risk
“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…”
Lloyd Blankfein May 12, 2026 ▶ 17:37 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 positive
Prediction Not checkable as stated
Blankfein: AI automation will not create permanent mass labor displacement
“Turn back the clock at the beginning of the 20th century. More than half the country was in agriculture. Guess what? A single digit percentage is today. People found stuff to do. We'll find stuff to do.”
Lloyd Blankfein May 12, 2026 ▶ 1:07:14 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Evaluating past decisions using hindsight bias is managers' biggest fault
“And people make a mistake because the big fault of risk management or bosses or managers is they let after acquired information seep into their judgment of what they would have done at the time.”
Lloyd Blankfein May 12, 2026 ▶ 20:47 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Disclosure
Blankfein: Goldman Sachs rejected me before acquiring my firm, J. Aron
“I interviewed A lot, and being in New York, what do you go into when you're done? Whether you go to, you either become a consultant or, you know, go to Wall Street. I said, I'll go to Wall Street. And, you know, give a, you know, there I will. I will bestow my…”
Lloyd Blankfein May 12, 2026 ▶ 13:20 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Never tell reporting employees 'I already know' to prevent self-censorship
“One thing I never did, if somebody was calling to tell me something that was bothering them, that they saw an opportunity or a challenge, I never said I already know about it. Because I never wanted anybody to self-censor later.”
Lloyd Blankfein May 12, 2026 ▶ 19:20 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Managers must not treat wrong employees as if they are stupid
“But it's very important not, when something goes wrong, it's just, you know, when something is not right or somebody loses, it's very important not to treat somebody who's wrong like they're stupid.”
Lloyd Blankfein May 12, 2026 ▶ 20:34 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 positive
Assertion Not checkable as stated
Blankfein: Goldman Sachs's first S&P cash-and-carry trade was a record $100 million
“And the first order that came in, and this was like in, back when this was real money, was for a hundred million dollars worth of this. That was by far the biggest trade ever.”
Lloyd Blankfein May 12, 2026 ▶ 46:04 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Early-career crisis conduct shapes long-term reputation with future industry leaders
“Your cohort is gonna going to run for all the important institutions 35 years from now, or 30 years from now, or 20 years from now. And you're gonna going to make your reputation with those people 30 years from now Believe it or not, are gonna be how they reme…”
Lloyd Blankfein May 12, 2026 ▶ 53:47 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Hindsight bias makes everyone look like a genius
“Once the present turns into the past, everybody's a genius.”
Lloyd Blankfein May 12, 2026 ▶ 21:21 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 negative
Opinion
Blankfein: Automated trading software introduces unprecedented scale for multi-billion dollar losses
“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. The leverage in these things is themse…”
Lloyd Blankfein May 12, 2026 ▶ 0:28 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 bearish
Prediction Not checkable as stated
Blankfein: Western institutional investors will make fewer investments in China going forward
“We're not gonna be making as many investments in China as we once did. There's not none, but it's not gonna be as much.”
Lloyd Blankfein May 12, 2026 ▶ 1:11:41 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 negative
Insight
Blankfein: LLMs create systemic risk by removing institutional intuition and audit trails
“You know, one of the, you know, when you get, when you go into some of these large language models, you don't know the thought process. You lose intuition in these things. It used to be when I started out in the business, You know, people be shrieking each oth…”
Lloyd Blankfein May 12, 2026 ▶ 1:04:34 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026
Insight
Blankfein: Subordinating short-term ego to a firm yields greater long-term power
“We just said that if you subordinate it in the short term or during, at key times, in favor of a platform, you can exploit that platform, again, professionally, because the firm would have much more heft and power and authority.”
Lloyd Blankfein May 12, 2026 ▶ 40:21 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
May 12, 2026 neutral
Prediction Not checkable as stated
Blankfein: The large language model market will eventually consolidate to two winners
“The world may not need 10 large language models. Maybe it needs four will be winners, and two will be very big winners, and the other two will get by, and maybe it'll get reduced over time to two.”
Lloyd Blankfein May 12, 2026 ▶ 1:01:33 Goldman Sachs Chairman on Why Finance Adopts AI Differently | a16z
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