Bloomberg Talks Goldman Sachs CEO Talks Saudi Arabia and US Economy
Oct 28, 2025
David Solomon, Chairman and CEO of Goldman Sachs, dives into the bank's ambitious expansion in Saudi Arabia, discussing new offices and private wealth initiatives. He shares insights on the shifting landscape for foreign investment, emphasizing local opportunities in tourism and AI. Solomon reflects on the U.S. economy, asserting a nuanced take on the K-shaped recovery and ongoing inflation pressures. He also explores the role of AI in enhancing efficiency, while reassuring that essential skills remain vital despite technological advancements.
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Showing Up Still Matters
- Solomon emphasizes that physical presence still matters despite technological advances.
- He argues human-to-human contact and local offices build relationships that technology alone cannot replace.
Sovereigns Want More Than Returns
- Sovereign funds now demand ideas, liquidity, and strategic partnerships, not just returns.
- Solomon says these nations build local investment capabilities and seek external partners to execute growth plans.
Invest For The Long-Term Cycle
- Solomon credits strategic repositioning years earlier for current strong results and advises long-term firm investments.
- He recommends preparing the firm to grow earnings and client footprint through cyclical markets.