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Charlie Rose interview with Lloyd Blankfein


Guest JoelS
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Guest JoelS

Great interview with Lloyd Blankfein:

http://www.valuewalk.com/2014/06/charlie-rose-hour-lloyd-blankfein/

 

"I'm in the risk management business. I don't think I can see 4 inches into the future.. What we aspire to is less to see the future and more to be a great contingency planner. With a good contingency plan, you can respond very quickly to whats happening. It is hard enough to predict the present. Not a very good risk manager if you act with what you think is going to happen, versus what you contingency plan for. " .. spend 98% of time worried about the worst contingencies.

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Thank you for posting. He comes off as very unemotional and rational with his "you gotta do what you gotta do" type of personality, probably from having worked so many years at a ferociously competitive institution in a ferociously competitive industry and having seen how dark and deep the abyss can be.

 

Many good tidbits.

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