58:033 places Ex-Goldman CEO is putting his money right now
From My First Million · Published Jun 20, 2026 · Watch on YouTube
TL;DR
Lloyd Blankfein, former Goldman Sachs CEO, reveals his personal portfolio is 98% equities (roughly 75% single stocks, 25% ETFs) with heavy tech and energy concentration, and he day trades daily as a hobby. He argues the margin between top performers and failures is razor-thin, luck plays a huge role, and most successful people are driven by insecurity.
Key insights
- The difference between a great performer and someone who can't succeed is very small – like winning a golf tournament by one stroke with six tied for second.
- Most very successful people are not geniuses; Blankfein says he has met only one possible genius (Elon Musk). Wealthy people are often insecure, seek affirmation, and are "a lot more normal than you t
- Risk is necessary for progress – a risk manager's job sometimes requires promoting risk-taking, not just suppressing it. Trying to eliminate risk foregoes 99 years of growth.
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