Stay Tuned with Preet Risks & Reckonings (with Lloyd Blankfein)
28 snips
Mar 12, 2026 
Lloyd Blankfein, former Goldman Sachs CEO and author of Streetwise, reflects on markets and risk from his rise from Brooklyn to Wall Street. He discusses the economic fallout of the Iran war, why markets may be due for a reckoning, limits of forecasting, and when corporate leaders should weigh in on politics. Short, sharp conversations about crises, memory, and contingency planning.
AI Snips
Chapters
Books
Transcript
Episode notes
Contingency Planning Beats Forecasting
- In high-uncertainty moments probabilities collapse and all assets correlate, so contingency planning matters more than forecasting.
- Lloyd Blankfein says risk management should list what could happen and specific plans because opinions about likelihood are unreliable.
Limit CEO Political Commentary
- CEOs should avoid commenting on every political issue and speak only where they have domain expertise or must champion employees.
- Blankfein cites marriage equality and employee mobility as legitimate CEO interventions; culture wars and gun finance are riskier.
Why A Market Reckoning Is Likely
- Markets are overdue for a reckoning because long stretches without forced selling let hidden risks accumulate on balance sheets.
- Blankfein points to private equity inventory, private credit build-up, and record-high equity levels as warning signs.
