Latest Interviews
Showing 91–105 of 226 interview transcripts.
Clear all filters- Goldman Sachs37 min
Nasdaq CEO Adena Friedman on the future of public markets
Adena Friedman, John Waldron, Allison
Led by CEO Adena Friedman, the NASDAQ has evolved from a US electronic stock exchange into a global technology platform supplying critical infrastructure to 130 markets while prioritizing liquidity, transparency, and anti-financial crime solutions. The organization recently navigated record trading volumes and leverages hybrid cloud architecture and generative AI to enhance market resilience, with a specific strategic focus on the anti-financial crime sector following the Verifin acquisition. Looking forward, leadership advocates for structural regulatory reforms to reverse the decline in public listings and attract capital back to public markets against the backdrop of rapid private market growth.
- Goldman Sachs26 min
Will tariffs lead to a recession?
Paul Krugman, Jan Hatzius, Oren Cass, Allison Nathan
Prominent economists Paul Krugman, Jan Hatzius, and Oren Cass debated the Trump administration's historic tariff expansion, which Krugman identifies as an unprecedented economic shock and Hatzius projects will reduce GDP growth by two percentage points while raising recession probabilities to 45%. While Krugman warns that policy uncertainty will stifle business investment and Hatzius cautions that the Federal Reserve faces a difficult trade-off between inflation and stagnation, Cass argues the measures represent a necessary structural correction to global supply chains that will eventually stimulate domestic production. The panel concluded that although immediate data lags obscure the full extent of damage, the severity of the downturn will ultimately depend on the Federal Reserve's ability to balance conflicting price and employment mandates against a backdrop of rapidly shifting trade policy.
- Goldman Sachs42 min
Warburg Pincus CEO Jeffrey Perlman on navigating a trickier private equity environment
Warburg Pincus CEO Jeffrey Perlman, who succeeded Chip Kaye in September 2025, outlined the firm's strategy to navigate a structural interest rate environment and declining performance persistence by leveraging a $45 billion distribution record and a "diversification by design" approach. The discussion highlighted the firm's 30th anniversary expansion in Asia, where shifting from minority stakes to majority control aims to capitalize on two-thirds of projected global growth despite tariff disruptions. Looking forward, Perlman emphasized the transformative potential of Artificial Intelligence in deal sourcing and operational efficiency while reinforcing a culture that prioritizes the institution over individual legacy.
- Goldman Sachs27 min
Is the market underpricing recession risks?
Tony Pasquarello, Josh Schifrin, Dominic Wilson
Following a pause on reciprocal tariffs that reduced immediate policy risk, analysts warn that recession fears remain significant and underpriced despite recent market rallies. While the U.S. dollar is entering a projected structural bear market over the next 6–12 months and oil faces downward pressure from disinflationary tariffs, equity volatility is expected to persist until clear trade outcomes emerge. Federal Reserve rate cuts will likely wait until deep financial stress or labor market cracks appear, with Chair Powell emphasizing the need to avoid unanchoring inflation expectations before acting aggressively.
- Goldman Sachs20 min
The case for private credit
James Reynolds, Lotfi Karoui, Alison Nathan
With private credit assets expanding to $2.1 trillion, the sector has evolved into a dominant financing alternative for private equity and sub-investment-grade borrowers, driven by institutional investors seeking inflation hedges and floating-rate yields. Despite limited historical recession data, the industry demonstrates resilience through superior creditor coordination and regulatory leverage caps that mitigate systemic fragility compared to the pre-2008 banking system. Looking forward, senior direct lending and flexible capital solutions in Europe and the U.S. present primary growth areas as traditional bank underwriting retreats, while emerging distressed opportunities in cyclical sectors offer avenues for debt-to-equity restructuring.
- Goldman Sachs36 min
The recession question
Jan Hatzius, Dominic Wilson, Alison Nathan
Goldman Sachs has revised its U.S. economic forecast from optimistic to pessimistic, estimating a 45–50% recession probability as average tariff rates climb to 15–25%, which simultaneously drives inflation higher and suppresses growth. The firm projects the Federal Reserve will cut rates by 75 basis points in the near term if a soft landing occurs, though deeper cuts may follow if economic deterioration accelerates. These policy shifts coincide with a paradoxical market environment where Treasury yields and equity volatility rise, the U.S. dollar weakens against major currencies, and global growth forecasts turn negative across 21 of 25 covered economies.
- Goldman Sachs32 min
OpenAI CFO Sarah Friar on the race to build artificial general intelligence
Goldman Sachs and OpenAI leaders outline a strategic pivot toward full-stack infrastructure, highlighted by a $500 billion "Stargate" investment plan designed to secure 10 gigawatts of compute power for advanced reasoning models and autonomous agents. This capital deployment addresses severe hardware bottlenecks while driving breakthroughs in O-series models that now achieve PhD-level scientific proficiency and global coding supremacy. With revenue tripling annually and immediate plans to scale AI into education and enterprise banking, OpenAI aims to reach artificial general intelligence capabilities while treating an initial public offering as a long-term objective rather than an immediate priority.
- Goldman Sachs36 min
Bain Capital’s David Gross on global opportunities and private equity’s evolution
Bain Capital Co-Managing Partner David Gross outlined a bullish macro strategy targeting Japan's fragmented buyout market, Germany's divestiture wave, and India's stabilizing governance structure while leveraging a dedicated macro team to identify investable themes. To sustain competitive advantage, the firm is scaling its operational capabilities with 130 value creation professionals and deploying a venture arm to integrate disruptive technologies like AI across its portfolio. This approach, underpinned by Bain's private partnership model and disciplined valuation entry, has enabled distribution yields exceeding 30% in North America and positions the firm to navigate current cyclical lows toward a recovery in deployment and liquidity.
- Goldman Sachs26 min
How Robin Hood CEO Rich Buery is addressing NYC’s rising poverty rates
Rich Buery, Richard Buery, Tony Pasquariello
The Robin Hood Foundation addresses New York City's rising poverty rate, which has surged to 25% due to expiring pandemic benefits and rising living costs, by deploying a $129 million investment strategy in 2024. This approach combines direct funding for high-impact interventions like the CUNY ASAP program with advocacy for systemic changes and the exploration of AI solutions to expand economic opportunity. Led by CEO Rich Beery, the organization utilizes evidence-based research and public-private partnerships to prioritize early childhood education and policy reforms that yield measurable long-term societal benefits.
- Goldman Sachs40 min
Medal of Honor Recipients share their stories of courage and leadership
Command Master Chief Britt Slabinski, Captain Florent Groberg, Matt Gibson, Britt Slabinski, Florent Groberg
Goldman Sachs hosted a special session featuring Medal of Honor recipients Britt Slabinski and Flo Groberg to discuss how military principles of courage, resilience, and teamwork apply to high-performing corporate environments. Drawing from their combat experiences in Afghanistan and subsequent careers, the speakers emphasized that exceptional leadership requires prioritizing team success over individual glory and maintaining human connection even as AI integrates into operations. Their insights provided a framework for organizational culture by advocating for leaders to operate with conviction and compassion, ensuring employees feel valued and aligned with a clear mission.
- Goldman Sachs29 min
AI Exchanges: CIO Marco Argenti on the future of AI in the workplace
Marco Argenti, George Lee, Allison Nathan
A Goldman Sachs-led panel analyzes the rapid acceleration of AI reasoning models against the persistent "value gap" created by legacy systems and the behavioral friction of retraining human workflows. While "de novo" enterprises advance faster due to agile structures, the firm is actively cultivating "mindful disruptors" and embedding specific cultural judgment into agents to manage risks like hallucinations and data exfiltration. The dialogue concludes that future success relies on a hybrid workforce where AI agents provide elastic capacity and mechanical execution, leaving high-level creativity and professional oversight to human leaders.
- Goldman Sachs45 min
The future of real estate investing: Pretium’s Don Mullen on the rapidly changing asset class
Founded by former Goldman Sachs executive Don Mullen in 2012, Pretium has evolved into the largest private owner-operator of single-family homes in the United States by capitalizing on a projected long-term shift from homeownership to renting. The firm leverages its status as a leading non-qualified mortgage lender and distressed asset manager to address systemic housing shortages while expanding its operations into international markets like the UK and Canada. By integrating asset ownership with active management across approximately 150,000 units, Pretium aims to bridge the gap between institutional capital and the needs of self-employed borrowers and families seeking single-family rentals.
- Goldman Sachs39 min
Resilience and Change: Giles Duley & The Legacy of War Foundation
Former rock photographer Giles Dooley pivoted to humanitarian work in 2004 and became a triple amputee following a 2011 IED attack in Afghanistan. He subsequently founded the Legacy of War Foundation, which transitions from documentary photography to tangible aid projects such as the "Land for Women" initiative in Rwanda that transfers land ownership to female farmers. Dooley advocates for resilience as a gift born from suffering and critiques modern over-protection, emphasizing that sustainable peace requires removing barriers rather than simply telling stories.
- Goldman Sachs29 min
Carl Nassib: NFL star to philanthropy entrepreneur
Former NFL player and first openly gay active player Carl Nassib leverages his platform to drive a strategic modernization of philanthropy through the Raise app, aiming to bridge the technological gap between traditional nonprofit infrastructure and a mobile-native donor base. Drawing on his experience as a Penn State Board member, Nassib advocates for comprehensive financial literacy education to prepare both college athletes in the NIL era and retiring athletes for wealth management, while predicting a massive transfer of generational wealth that will redefine future charitable giving.
- Goldman Sachs24 min
What's behind the US equity underperformance?
Tony Pasquarello, Josh Schifrin, Dominic Wilson
Josh Schifrin and Dominic Wilson have revised their U.S. year-on-year growth forecast down to 1.7% due to policy uncertainty and weak first-quarter data, anticipating a delay in Federal Reserve rate cuts until June. While the team expects the yield curve to steepen and favors front-end fixed income positions to hedge against economic pain, they caution that "U.S. exceptionalism" is fading as European markets like Germany gain traction through significant fiscal expansion. Ultimately, the strategists predict a volatile near-term environment where short-term labor data may deteriorate further before a recovery emerges, challenging the prevailing thesis that the administration will maintain a growth floor.