Latest Interviews
Showing 271–285 of 573 interview transcripts.
Clear all filters- Goldman Sachs22 min
Goldman Sachs Chairman and CEO David Solomon on the Economy, Investing and Sustainability
David Solomon, Valentijn van Nieuwenhuijzen, Alison Nathan, Valentine Van Nieuwenhuizen
Goldman Sachs has completed its acquisition of NN Investment Partners to significantly expand its European asset management platform and accelerate its sustainable investing capabilities under CEO David Solomon's four-year strategy. While the transaction strengthens the firm's fee-based revenue streams and operational scale, Solomon warns that clients should brace for increased market volatility and a heightened recession risk in Europe driven by energy supply disruptions and geopolitical tensions. The integration aims to combine NNIP's sustainability expertise with Goldman's global capital resources to deliver active returns that outperform passive benchmarks amidst the current uncertain economic climate.
- Goldman Sachs23 min
Investing with Norges Bank Investment Management’s Nicolai Tangen
Nicolai Tangen, Katie Koch, Alison Nathan
Nikolai Tangen, chief executive of Norges Bank Investment Management, directs the world's largest sovereign wealth fund as it navigates a projected decade of stagflation and geopolitical instability through tactical portfolio adjustments and a rigorous negative selection strategy. Leveraging an interrogative background and a philosophy of active ownership, Tangen emphasizes capitalizing on undervalued opportunities in markets like China while excluding companies with weak balance sheets to preserve the fund's $1.3 trillion in long-term assets. His approach integrates diverse intellectual perspectives and a commitment to transparency, as evidenced by his "Good Company" podcast and a pledge to donate most of his personal wealth to educational initiatives.
- Goldman Sachs43 min
Howard Marks, Co-chairman of Oaktree Capital Management
Bill Marks and Bruce Karsh executed a massive $10 billion distressed debt strategy during the 2008 financial crisis by maintaining an $11 billion reserve to capitalize on market dislocation without relying on predictive forecasting. Marks argues that long-term investment success depends on buying quality assets at "absurdly" low prices while avoiding quantitative risk models, emphasizing that surviving catastrophic losses is more critical than chasing top-tier annual returns. He maintains that superior performance requires human judgment to navigate qualitative uncertainty and a commitment to idiosyncratic positions that diverge from market euphoria.
- Goldman Sachs21 min
Cybersecurity Deals Surge Amid Rising Attacks
David Campbell, Marco Poletti, Alison Nathan
Driven by projected cyber losses soaring to $10 trillion by 2025, the sector attracted over $30 billion in investment last year while facing an attack surface that has diversified from centralized data centers to cloud and IoT endpoints. Organized crime currently dominates the threat landscape, prompting a strategic market shift toward M&A consolidation, simplified security stacks, and defensive spending that is forecasted to exceed $100 billion. Investors, including Goldman Sachs Asset Management, are prioritizing early-stage platforms with proven teams and robust AI capabilities to navigate regulatory tightening and a global shortage of security professionals.
- Goldman Sachs33 min
Investing with KKR’s Joe Bae
Joe Bae, Alison Mass, Alison Nathan
KKR co-CEOs Joe Bay and Scott Nuttall oversee the firm's evolution from a pure capital provider into a global solutions provider managing a multi-asset portfolio while navigating macroeconomic shifts like supply chain resiliency and the energy transition. Under their leadership, KKR has expanded significantly into Asia and life sciences while prioritizing diversity initiatives that have increased female junior hiring to over 50% and established board diversity targets for portfolio companies. Complementing these business strategies, the firm launched the Asian American Foundation to combat anti-Asian hate and is actively investing over $27 billion in sustainability themes to address long-term social and environmental challenges.
- Goldman Sachs26 min
Equity Bear Market: A Paradigm Shift?
Allison Nathan, Cathie Wood, Cliff Asness, David Kostin, Kathy Wood
ARK Invest's Kathy Wood, AQR Capital's Cliff Asness, and Goldman Sachs' David Koston analyze the current market correction as a response to surging interest rates and inflation that has severely impacted unprofitable growth stocks. While Wood advocates for a return to high-growth disruptive sectors based on long-term innovation and temporary supply shocks, Asness and Koston argue for sustained value tilts or profitable growth strategies to navigate a structural shift toward higher cost-of-capital realities. The panelists converge on identifying rate-driven valuation regressions but diverge on whether the trend represents a permanent paradigm shift or a cyclical opportunity to acquire quality assets at depressed prices.
- Goldman Sachs29 min
How Retail Investors Are Shaping Markets
John Marshall, Greg Tuorto, David Jeria, Allison Nathan
Retail participation in U.S. equity markets surged to a dominant 30% share of trading volume by 2021 before undergoing a sharp reversal characterized by systematic profit-taking and a structural shift from speculative individual stocks to passive ETFs and energy sectors. This behavioral divergence between active day traders and "buy and hold" investors has altered market liquidity dynamics, driving significant order flow off-exchange and increasing transaction costs for institutional players while prompting SEC Chairman Gensler to explore regulatory reforms aimed at improving price discovery. Despite these structural changes and elevated risks in single-stock herding, analysts project a stable market baseline supported by automatic investment flows, with future retail activity primarily contingent on broader macroeconomic factors such as inflation relative to wage growth.
- Goldman Sachs27 min
Investing with Advent International’s Tricia Glynn
Tricia Glynn, Alison Mass, Alison Nathan
Advent International's Tricia Glynn outlines a strategy for navigating a volatile macroeconomic landscape by prioritizing governance, downside control, and data-driven insights to drive growth at scale. The firm leverages its global network to advance decarbonization efforts and transfer cross-border technologies like live selling while championing aggressive Diversity, Equity, and Inclusion goals for 2030. Glynn concludes that future investment success will depend on balancing rigorous analytics with human-centric leadership to attract top talent in a transformed labor market.
- Goldman Sachs26 min
Angus Thirlwell, CEO and Co-Founder, Hotel Chocolat
Angus Thirlwell, Cameron Alley
Founded by CEO Angus Thirwell in 1993, Hotel Chocolat has evolved from an early e-commerce pioneer into a multi-channel empire that controls its supply chain through direct ownership of farms in St. Lucia and Ghana. The company recently achieved a 500% surge in digital sales during the pandemic while simultaneously implementing the Gentle Farming initiative to guarantee living wages for thousands of African producers. Moving forward, the brand plans to deepen its footprint in the USA and Japan by leveraging a large proprietary customer database to compete in the broader global gift market rather than relying solely on traditional retail expansion.
- Goldman Sachs31 min
A ‘Seismic’ Shift in Private Markets
Goldman Sachs co-president Mike Kester outlines a private market sector growing to $10 trillion that is undergoing a seismic shift toward individual investor participation while navigating a fundraising slowdown driven by the denominator effect. Despite regulatory pressures and a transition away from financial engineering toward active operational management, the industry continues to deliver consistent excess returns and is prioritizing sectors like infrastructure and life sciences. Kester projects that while capital raising will decelerate and valuation reporting standards will tighten, systemic risk remains low due to the pre-syndication of risk to long-term limited partners.
- Goldman Sachs31 min
Jon Moeller, President/CEO of Procter & Gamble
New CEO John Moeller is leading Procter & Gamble through a strategic restructuring that decentralizes decision-making into focused markets while redefining sustainability as a core driver of innovation rather than a compliance obligation. The company is addressing permanent macroeconomic shifts by overhauling its supply chain to achieve "Supply 3.0" and committing to net-zero emissions by 2040 through open-source recycling technologies and optimized packaging. These operational changes have already accelerated U.S. growth rates to 8%, restored double-digit performance in China, and eliminated widespread regional profitability losses across the global portfolio.
- Goldman Sachs25 min
What’s Behind the Tech Sell-Off?
Brook Dane, Peter Callahan, Allison Nathan
Following a valuation correction comparable to the 2000 dot-com bust, the technology sector is undergoing a cyclical retrenchment driven by structurally higher interest rates that have compressed multiples for software and semiconductor stocks. While hedge funds have de-leveraged and capital flows have reversed, institutional buyers like Goldman Sachs are accumulating assets at five-to-seven-year lows, targeting resilient sub-sectors such as cybersecurity and AI-driven semiconductors. This strategic repositioning anticipates a market recovery in 2023 and beyond as inflation falls and management teams align operations with a normalized macroeconomic environment.
- Goldman Sachs41 min
Ryan Watts, CEO and Co-Founder of Denali Therapeutics
Founded by CEO Dr. Ryan Watts in 2015, Denali Therapeutics is leveraging proprietary blood-brain barrier technologies and genetic insights to accelerate clinical-stage programs for Alzheimer's, Parkinson's, and ALS. The company is currently initiating pivotal late-stage trials for Parkinson's and Hunter syndrome while prioritizing preventative strategies and shorter-term milestones in lysosomal storage diseases to validate its pipeline. By combining this technical approach with a culture that accepts failure as part of discovery, Denali aims to shift neurodegenerative treatment from late-stage intervention to early disease prevention within the next decade.
- Goldman Sachs28 min
The Road to 2050: Balancing Climate Goals with Energy Security
Kara Mangone, John Goldstein, Allison Nathan
Amidst geopolitical shifts and energy security concerns, the global financial sector is transitioning ESG from a broad screening metric to a core investment strategy focused on nuanced company analysis and resilience. Major asset owners maintain their net-zero commitments despite market volatility, driving nearly 90% of global GDP into climate-aligned frameworks while capital discipline prioritizes prudent investment timing over divestment. To address critical funding gaps, institutions like Goldman Sachs are leveraging public-private partnerships to mobilize private capital, supported by a strategic pivot toward standardized progress metrics and "EBITDA of decarbonization" that track execution over lagged emissions data.
- Goldman Sachs29 min
Joe Bae, Co-CEO of KKR and Founder of The Asian American Foundation
KKR Co-CEO Joe Bae outlines the firm's expansive Asian strategy, which now accounts for a quarter of the company's business through diversified infrastructure and private credit investments targeting a millennial demographic. Amidst macroeconomic headwinds like inflation and geopolitical shifts, Bae emphasizes supply chain resiliency and a balanced energy transition while leveraging KKR's localized workforce to navigate global risks. Beyond finance, he details the establishment of the Asian American Foundation to dismantle the model minority myth and drive systemic community support through corporate advocacy and educational initiatives.