the declarations. podcast with Host Todd S. Rich

Bennett Goodman, Executive Chairman of Hunter Point Capital and formerly of Blackstone/GSO and Host Todd S. Rich, Co-Founder and Partner of Declaration Partners

8 snips
Oct 20, 2024
Bennett Goodman, Executive Chairman of Hunter Point Capital and former Blackstone/GSO leader, shares invaluable life lessons learned from his uncle about hard work, honesty, and humility. He discusses navigating the complexities of credit markets and highlights the importance of mentorship in finance. Goodman reflects on his experiences at Drexel Burnham Lambert and Blackstone, revealing insights on investment strategies amidst changing landscapes. The conversation also delves into philanthropy’s role in addressing income inequality and fostering strategic family giving.
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INSIGHT

High-Volume Learning

  • Drexel's junk bond monopoly offered frequent deal exposure.
  • This accelerated learning and judgment compared to larger firms.
INSIGHT

DLJ's Rise

  • Tony James's vision and mentorship at DLJ were crucial for Goodman.
  • DLJ capitalized on Drexel's regulatory issues, recruiting top talent.
ANECDOTE

GSO's $4 Billion Bet

  • GSO bought $4B in bridge loans, leveraging Citibank's inability to distribute.
  • Despite initial losses during the 2008 crisis, GSO recovered and profited.
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