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My First Million · June 16, 2026 · 1h 0m

How the Ex-Goldman CEO actually invests his own money

Sam Parr interviews Lloyd Blankfein, former CEO of Goldman Sachs, about his personal investment philosophy and how he manages his wealth. Blankfein discusses his portfolio construction, lessons from Warren Buffett and Elon Musk, common mistakes young investors make, and how anxiety can be reframed as a superpower. The episode offers practical insights into how one of finance's most prominent figures actually thinks about money.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Curious

Anxiety and high sensitivity can be reframed and channeled into advantage rather than treated purely as a liability.

Novel

Blankfein reflects on a formative lesson from observing or learning about Warren Buffett's approach to trust and agreements.

Highlights

Portfolio Construction and Personal Wealth Management15:04
Blankfein walks through how he actually structures his personal investment portfolio and the philosophy behind it.

Editorial

The Goldman Obituary Test40:46
Use the question 'Would this decision make it into your obituary?' as a filter for major life and financial decisions.
What the Worst Traders Have in Common5:23
Blankfein identifies a pattern in traders who consistently lose money or make poor decisions.
Blankfein discusses the disconnect between actual wealth and the subjective experience of feeling financially secure.

References

StreetwiseLloyd BlankfeinBlankfein's book on investing and personal finance wisdom

Misc

Blankfein met Elon Musk and has insights on him
Uses the 'Goldman Obituary Test' as a decision-making framework
Discusses feeling 'rich' vs. actually being rich as a psychological phenomenon
Credits Warren Buffett's handshake deal as a formative lesson
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