Latest Interviews
Showing 31–45 of 226 interview transcripts.
Clear all filters- Goldman Sachs32 min
Board Governance in 2026: AI Oversight, Activism, and Delaware’s Edge
Larry Cunningham, John F.W. Rogers
The University of Delaware's John L. Weinberg Center for Corporate Governance marked its 25th anniversary by unveiling the book *Boardroom Legacy*, which contextualizes John L. Weinberg's 1948 thesis on board stewardship through contributions from fifteen scholars and support from Goldman Sachs. Symposium speakers highlighted Weinberg's prescient advocacy for independent audit committees and CEO oversight while discussing modern governance challenges, including SEC Chair Paul Atkins' intent to reform shareholder proposal processes and the persistent market dominance of Delaware's legal infrastructure. Additionally, the event explored Warren Buffett's enduring influence on corporate succession planning and capital allocation strategies, cementing the center's role as a hub for bridging historical governance principles with contemporary regulatory and strategic realities.
- Goldman Sachs25 min
Fundamentals Still Matter: Lone Pine’s David Craver
David Craver, Tony Pasquarello
David Craver of Lone Pine Capital argues that structural shifts in market volatility and valuation norms have created a favorable environment for duration-based fundamental investors who focus on secular growth themes. Leveraging deep private market insights and a concentrated strategy, the firm maintains a bullish stance on AI infrastructure as a generational platform shift while anticipating a mid-term phase where established incumbents leverage technology to drive efficiency. Craver emphasizes that his investment discipline relies on rigorous fundamental analysis and the flexibility to adapt when facts evolve, positioning the firm to capitalize on the predicted disruption in top market cap names by 2035.
- Goldman Sachs25 min
‘Affordability’: Consumer Concerns and Government Proposals
David Mericle, Alec Phillips, Allison Nathan
Amidst a persistent housing affordability crisis driven by regulatory constraints and construction labor shortages, the administration has relied on reactive executive orders to utilize Fannie Mae and Freddie Mac capacity rather than enacting comprehensive legislative reforms. While these measures aim to modestly lower mortgage rates through increased mortgage-backed security purchases and a ban on institutional single-family home purchases, they fail to address the root causes of supply scarcity or deliver immediate price relief for homeowners. Future policy focus is expected to shift toward zoning incentives and speculative tariff rebates, though significant progress remains hindered by the need for congressional approval and the long-term nature of structural housing deficits.
- Goldman Sachs24 min
Inside the Future of Payments: Adyen CEO
Pieter van der Does, Clif Marriott, Cliff Marietta
Founded by the creators of iDeal, Adyen transitioned from a payment intermediary to a direct acquiring system, now processing $900 billion annually through a unified platform that combines online and in-store payments with AI-driven authorization optimization. The company distinguishes itself by rejecting acquisition-heavy growth in favor of a single technology stack and a disciplined culture that prioritizes collective success, allowing it to offer financial services like loans while excluding cryptocurrency due to client demand. Looking forward, Adyen aims to leverage its global infrastructure and banking licenses to bridge physical and digital shopper identities, anticipating a regulatory landscape that must adapt to the speed of artificial intelligence in fraud prevention.
- Goldman Sachs27 min
Implications of an “Americas First” Foreign Policy
Hal Brands, Mauricio Claver-Carone, Allison Nathan
The Trump administration has announced a 2026 foreign policy shift known as the "Donro Doctrine," which prioritizes direct resource control and territorial expansion in the Western Hemisphere over traditional diplomatic stability. This neo-mercantilist strategy targets specific outcomes including the strategic takeover of Venezuelan oil, the acquisition of Greenland, and the renegotiation of USMCA to favor U.S. equity over trade, while actively countering Chinese and Russian influence through military and economic coercion. Critics warn that this move toward hard power and border redrawing risks eroding the post-1945 international order, potentially triggering global instability and market volatility as U.S. forces intercept shadow fleets and intervene in regional sovereignty disputes.
- Goldman Sachs20 min
Edward Norton: From Hollywood to High-Impact Entrepreneurship
Edward Norton, Kim Posnett, Sam Britton
Actor and entrepreneur Edward Norton leverages his collaborative philosophy, famously asserting that "one plus one plus one equals ten," to co-found successful ventures like CrowdRise and the data analytics firm Kensho. These enterprises, which were eventually sold to GoFundMe and S&P respectively for substantial valuations, emerged from solving specific inefficiencies in fundraising and board governance rather than a pursuit of status. Norton applies this same fusion of analytical and creative thinking to his current infrastructure project, Stacks, while maintaining that his film career and environmental advocacy function as a synergistic force rather than a divided focus.
- Goldman Sachs21 min
Will US Stocks Outperform in 2026?
Sharmin Mossavar-Rahmani, Alison Nathan
Goldman Sachs projects global equities to outperform U.S. stocks in 2026, with emerging markets excluding China forecast to lead returns despite a negative outlook on Chinese assets due to a disconnect between official GDP figures and independent growth estimates. While identifying potential valuation risks and "bubble trouble" within the private AI sector, the firm advises against hedges like gold or Bitcoin in favor of U.S. Treasuries and broad S&P 500 exposure. The strategic recommendation centers on maintaining a diversified portfolio with a U.S. overweight, utilizing the index's rebalancing mechanism to capture long-term returns driven by margin expansion and AI efficiency.
- Goldman Sachs24 min
Qatar PM Al Thani: Diplomacy and Qatar's Economic Future
Al Thani, Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani, Jared Cohen
Qatar leverages its "national security doctrine" to position itself as a neutral global mediator and logistics hub, aiming to prevent regional escalation while securing geopolitical leverage for its economy. This strategy drives the Qatar Investment Authority to transform the state into a multi-sector powerhouse by creating "national champions" like Qatar Airways and Qatar Energy, ensuring growth beyond its small population limits. Following lessons from the 2017 blockade, the nation further strengthens its resilience through Vision 2030, which prioritizes human capital development and diversified energy supplies to maintain stability amid eight concurrent international conflicts.
- Goldman Sachs22 min
Goldman Sachs Chairman and CEO David Solomon on AI, M&A, and Markets
Goldman Sachs analysts project the 2026 global economy will benefit from stimulative fiscal and monetary policies that favor the U.S. structural growth advantage over Europe and China, despite lingering geopolitical risks. The firm anticipates a historic surge in M&A and IPO activity driven by a permissive regulatory environment and shifting CEO sentiment toward dealmaking. Internally, the organization is leveraging its "OneGS 3.0" AI strategy to restructure legacy processes, aiming to boost efficiency and productivity without reducing headcount while focusing future growth on asset and wealth management.
- Goldman Sachs20 min
Will macro tailwinds drive stocks higher?
Markets in early 2025 exhibit a shift from narrow AI concentration to broader cyclical leadership, driven by non-U.S. outperformance in regions like Japan and Korea alongside a breakout in U.S. bond yields. Analysts project a Federal Reserve holding rates through spring before implementing 50 to 100 basis points of cuts later in the year, coinciding with a "Year of the Tariff" that is expected to transition into a global growth cycle by 2026. Investors are consequently advised to diversify beyond the S&P 500 into international equities and U.S. cyclicals like housing and regional banks to navigate elevated valuations and a steeper yield curve.
- Goldman Sachs27 min
Goldman Sachs Exchanges: Outlook 2026 | Episode 3: Assets and Allocation
Peter Oppenheimer, Kamakshya Trivedi, Daan Struyven, Christian Mueller-Glissmann, Alyssa Nathan
A 2026 global equity strategy forecasts sustained optimism driven by profit growth and moderating inflation, with a strategic tilt toward undervalued emerging markets and AI application sectors. The outlook anticipates a depreciating US dollar and a tail end of global easing, prompting portfolio managers to favor equities over credit while hedging against stretched valuations through diversified alternatives. Simultaneously, commodities are positioned for divergence, featuring a base case for a 10% gold rally and strategic long exposure to local US power markets fueled by surging AI data center demand.
- Goldman Sachs23 min
Goldman Sachs Exchanges: Outlook 2026 | Episode 2: Regional Perspectives
David Mericle, Andrew Tilton, Jari Stehn, Alison Nathan
Goldman Sachs economists David Miracle, Andrew Tilton, and Yari Stein outline regional economic forecasts for 2026, projecting 2.5% US growth driven by tax cuts and Fed rate reductions alongside a resilient 4.8% expansion in China fueled by manufacturing competitiveness. The analysis highlights contrasting monetary trajectories, including the Bank of Japan's aggressive tightening to 0.75% and the ECB's projected rate hold, while warning of US labor market uncertainties and European structural weaknesses. These insights, recorded on January 7, 2026, serve as the second installment of the Outlook 2026 series, setting the stage for subsequent asset class discussions.
- Goldman Sachs26 min
Goldman Sachs Exchanges: Outlook 2026 | Episode 1: The Big Picture
Jan Hatzius, Dominic Wilson, Alison Nathan
Goldman Sachs projects 2026 global growth to reach 2.7%, driven by the "One Big Beautiful Bill Act," German fiscal easing, and the fading impact of 2025 tariffs. The firm forecasts a 2.5% expansion for the U.S. economy alongside expected Federal Reserve rate cuts that aim to lower inflation and address labor market stagnation. While equities are anticipated to deliver low double-digit returns, analysts warn of recession risks tied to the "SOM Rule" and elevated valuations that may trigger significant market volatility.
- Goldman Sachs22 min
Turning $700 into a Billion-Dollar Brand: John Paul DeJoria
John Paul DeJoria, Meena Flynn
John Paul Mitchell founded John Paul Mitchell Systems and successfully launched the Patrón tequila brand by leveraging resilience and a partnership-based management philosophy derived from his Navy service and humble childhood. The company operates under a 360-year trust structure that prevents sale and ensures all proceeds benefit the beauty industry and its partners, while Mitchell continues to prioritize anonymous philanthropy focused on homelessness and food insecurity. Through strategic pivots from hair care to premium spirits, Mitchell transformed a bootstrapped startup into the world's largest privately owned salon hair care company and executed the largest liquor business sale in history.
- Goldman Sachs24 min
Coinbase CEO Brian Armstrong: Propelling the Crypto Economy
Brian Armstrong, David Solomon
Brian Armstrong co-founded Coinbase in 2012 to bridge cryptocurrency and traditional finance, growing the platform into a publicly traded entity serving over 150 governments and 80% of Bitcoin ETFs. The company is currently transitioning its infrastructure toward an on-chain ecosystem through its Base Layer 2 solution and open-source AgentKit tools, which facilitate AI-driven payments and tokenized assets. Armstrong has further solidified the industry's political viability by mobilizing two million users to support pro-crypto candidates, positioning regulatory clarity as a prerequisite for the next decade of global financial innovation.