*Get our Investment Guide:* https://clickhubspot.com/e4zb
Episode 834: Sam Parr ( https://x.com/theSamParr ) sits down with former Goldman Sachs CEO Lloyd Blankfein ( https://x.com/lloydblankfein ) to talk about what he does with his money.
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Show Notes:
(0:00) Lloyd on Money, Day Trading, and Feeling “Rich”
(3:52) Meeting Elon
(5:23) What the worst traders have in common
(9:54) Warren Buffett’s handshake deal
(15:04) Lloyd breaks down his portfolio
(20:41) Advice to young investors
(23:09) biggest mistakes
(25:54) Anxiety as a superpower
(27:54) Family finances
(31:35) Scarcity
(40:46) The Goldman Obituary Test
(43:53) Lessons from history
—
Links:
• Streetwise - https://www.penguinrandomhouse.com/books/780438/streetwise-by-lloyd-blankfein/
—
Check Out Sam's Stuff:
• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury for banking across all of his companies. you can too: http://mercury.com/
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
How the Ex-Goldman CEO actually invests his own money
Ever wonder how a former Goldman Sachs CEO invests his own money? Lloyd Blankfein’s approach might surprise you. According to My First Million, he keeps a diversified portfolio, leaning into what he calls ‘scarcity assets’ — things like real estate and commodities that retain value when markets wobble. But here’s where it gets interesting — Blankfein isn’t chasing quick wins or day trading; he emphasizes patience and understanding history’s lessons. He’s also candid about avoiding the common trap of overconfidence — something many traders fall into. And get this — despite all his experience, he still feels anxiety, which he says can actually be a superpower. So what does this actually mean for your own investments? It’s about focusing on what holds value over the long haul, not just the latest hot tip. And the big takeaway? The smartest investors don’t just follow trends — they understand scarcity, history, and their own emotional landscape. So the real question is, are you investing with that kind of confidence — and calm?
Audio Transcript
*Get our Investment Guide:* https://clickhubspot.com/e4zb
Episode 834: Sam Parr ( https://x.com/theSamParr ) sits down with former Goldman Sachs CEO Lloyd Blankfein ( https://x.com/lloydblankfein ) to talk about what he does with his money.
—
Show Notes:
(0:00) Lloyd on Money, Day Trading, and Feeling “Rich”
(3:52) Meeting Elon
(5:23) What the worst traders have in common
(9:54) Warren Buffett’s handshake deal
(15:04) Lloyd breaks down his portfolio
(20:41) Advice to young investors
(23:09) biggest mistakes
(25:54) Anxiety as a superpower
(27:54) Family finances
(31:35) Scarcity
(40:46) The Goldman Obituary Test
(43:53) Lessons from history
—
Links:
• Streetwise - https://www.penguinrandomhouse.com/books/780438/streetwise-by-lloyd-blankfein/
—
Check Out Sam's Stuff:
• Hampton (joinhampton.com): My community for founders. Average member does $25m/year. Many of the guests are members. Get after it...apply: http://joinhampton.com/mfm
—
Check Out Shaan's Stuff:
• Shaan's weekly email - https://www.shaanpuri.com
• Visit https://www.somewhere.com/mfm to hire worldwide talent like Shaan and get $500 off for being an MFM listener. Hire developers, assistants, marketing pros, sales teams and more for 80% less than US equivalents.
• Mercury - Shaan uses Mercury for banking across all of his companies. you can too: http://mercury.com/
Mercury is a fintech company, not an FDIC-insured bank. Banking services provided by Choice Financial Group, Column, N.A., and Evolve Bank & Trust, Members FDIC
• I run all my newsletters on Beehiiv and you should too + we're giving away $10k to our favorite newsletter, check it out:
beehiiv.com/mfm-challenge
My First Million is a HubSpot Original Podcast // Brought to you by HubSpot Media // Production by Arie Desormeaux // Editing by Ezra Bakker Trupiano /
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