Latest Interviews
Showing 316–330 of 525 transcripts.
Clear all filters- Goldman Sachs38 min
Jared Cohen on US leaders finding purpose post-presidency
Jared's new #9 New York Times bestseller analyzes the historical trajectories of post-presidencies through four distinct case studies, including William Howard Taft, Herbert Hoover, George W. Bush, and Grover Cleveland. By examining how these leaders successfully deferred ambitions, recovered from defeat, detached from former power, or faced the limitations of a political comeback, the work illustrates that the institution's resilience relies on evolving norms rather than constitutional text alone. The author argues that longevity and fulfillment in retirement require abandoning the vanity of office to pursue new service or hobbies, offering a framework for navigating life after the presidency regardless of political affiliation.
- Goldman Sachs22 min
Are inflation fears overblown? The outlook for inflation, US growth, and long-term rates
Goldman Sachs projects U.S. GDP growth of 2.5% in 2024, driven by labor supply expansions from immigration that prevent overheating despite disinflation from shelter rents. The firm argues the neutral interest rate has structurally shifted to 3.0%–3.5%, forecasting Federal Reserve rate cuts beginning in July 2024 as financial conditions remain accommodative. This outlook suggests a balanced labor market and mechanical rent adjustments will allow inflation to trend toward 2.5% without triggering wage-price spirals.
- Goldman Sachs20 min
Global insurers turn to private credit — and AI
Mike Siegel, Matt Armas, Alison Nathan
The Goldman Sachs Insurance Survey, recorded on April 4, 2024, reveals that global insurers are reallocating $26 trillion in assets toward private credit and high-yield fixed income to counteract recession risks and declining interest rates. While the industry accelerates AI adoption to improve underwriting accuracy and drive consolidation, it simultaneously reduces commercial real estate exposure and pivots ESG strategies toward climate transition financing. These shifts reflect a strategic effort to balance portfolio resiliency against economic downturns with the operational efficiencies promised by new technology.
- Goldman Sachs43 min
Capital Group’s Rob Lovelace on long-term investing, succession planning, and leadership lessons
Capital Group leverages its unique multi-manager "Capital System" to manage $2.5 trillion in assets by utilizing five to six distinct portfolio managers per fund, a structure designed to smooth volatility and ensure continuity without relying on star manager branding. This private-ownership model, supported by custom proprietary software and an eight-year bonus cycle, enables the firm to withstand market cycles while advising on macro trends such as avoiding direct Chinese equity exposure in favor of multinationals and capitalizing on Japan's recovery from deflation. By prioritizing long-term style consistency over short-term client demands for single-point accountability, the firm maintains active equity leadership in public markets while cautiously exploring partnerships in alternative assets.
- Goldman Sachs25 min
How Vuori’s Joe Kudla went from accountant to fashion industry success
Viore founder and CEO Joe Kudla transformed a failed apparel background into building a $4 billion men's performance brand that secured a landmark SoftBank investment by pivoting from wholesale to a direct-to-consumer model. The company successfully expanded its revenue composition to include a women's line and entered international markets in China and Korea while maintaining profitability and avoiding unnecessary dilution through secondary offerings. Guided by a culture of strategic alignment, Kudla's leadership team navigated early industry skepticism to establish Viore as a premium lifestyle brand focused on versatile activewear rather than niche yoga apparel.
- Goldman Sachs21 min
Related Companies’ Jeff Blau on Building Hudson Yards
Related Companies CEO Jeff Blau transformed a derelict railyard in New York City into the 15-million-square-foot Hudson Yards district by executing a resilient mixed-use strategy that navigated the 2008 financial crisis. To address the regulatory and environmental challenges posed by Local Law 97, Blau founded Energy Re, a subsidiary launching a historic $12 billion renewable energy initiative designed to supply 16% of the city's power through utility-scale wind and solar generation. This dual approach integrates large-scale affordable housing with massive infrastructure projects, proving that aligning corporate capital with public utility goals can drive both economic growth and decarbonization.
- Goldman Sachs19 min
Are the largest US stocks too dominant?
Ben Snider, Peter Callahan, Allison Nathan
Ben Snyder and Peter Callahan analyze record-breaking market concentration where the S&P 500's top ten stocks now hold 33% of total capitalization, a level unmatched since the 1930s despite current valuations being supported by robust earnings growth rather than speculation. While the "Magnificent Seven" face pressure to sustain revenue gains amid rising AI infrastructure costs, active managers are capitalizing on increasing sector dispersion and finding alpha outside the dominant tech tier. Historical precedents and ongoing investor strategies suggest that such concentrated rallies often conclude with broader market participation rather than immediate collapse, provided the economic backdrop remains stable.
- Goldman Sachs33 min
Global transit & trade: in rough waters
Admiral James Stavridis, Tobias Meyer, Alison Nathan, James Stavridis
Admiral James Stavridis warns that maritime risks have reached unprecedented levels due to great power competition, state-sponsored terrorism, and vulnerabilities in undersea internet infrastructure, while Tobias Mayer analyzes supply chain shifts driven by regulatory complexity rather than physical disruptions. Despite Houthi attacks in the Red Sea causing a 10–20% rise in logistics costs, the global shipping fleet remains resilient enough to absorb reroutes without systemic failure as companies adopt omnishoring strategies to diversify assembly locations. Ultimately, the convergence of these geopolitical tensions and evolving trade patterns suggests a future where security coalitions must balance military deterrence against China and Russia while adapting commercial networks to manage increased operational costs and regulatory fragmentation.
- Goldman Sachs29 min
Fannie Mae’s Priscilla Almodovar on strengthening the US housing system
Priscilla Almodovar, Megan Hogan
Fannie Mae leverages its $4.3 trillion balance sheet to advance equity and sustainability while navigating a market forecasted to shift from recession fears to slow growth as mortgage rates decline toward the sixes. The organization is addressing a critical inventory shortage driven by the "lock-in effect" and demographic shifts, simultaneously deploying credit innovations like rent-reporting pilots to close the 30% homeownership gap for Black and Latino households. Under the strategic leadership of board member Priscilla Ortiz, Fannie Mae also introduces a "Mission Index" to quantify social impact for investors and promotes green bond incentives for sustainable rental housing.
- Goldman Sachs21 min
High mortgage rates, limited inventory continue to challenge the US housing market
Roger Ashworth, Allison Nathan
Despite existing home sales collapsing to thirty-year lows due to severe affordability shocks and a borrower lock-in effect, institutional investors and persistent demographic demand are preventing a market correction. Goldman Sachs Research forecasts a 5% price appreciation in 2024 and declining mortgage rates by 2025, driven by tight inventory and a projected population boom among primary buying-age cohorts. While supply chain hurdles and macroeconomic risks like inflation threaten to delay recovery, historically low foreclosure rates and substantial homeowner equity provide a stable price floor.
- Goldman Sachs37 min
What’s ahead for retail: how retail CEOs are navigating a more complex environment
Tim Ingrassia, Vishaal Rana, Ted Decker, Dave Kimbell, Allison Nathan
Goldman Sachs analysts and retail leaders including Home Depot's Ted Decker and Ulta Beauty's Dave Kimball characterize 2024 as a pivotal shift where micro-level corporate strategies outweigh macroeconomic trends in driving performance. Private equity firms are increasingly targeting defensive sectors like collision repair while navigating debt constraints, forcing a consolidation of single-banner models and a reevaluation of Direct-to-Consumer valuation models that have shed 97% of their 2021 peak value. As interest rates remain elevated and geopolitical risks introduce new logistics costs, the market is prioritizing sustainable profitability over revenue growth, with physical stores re-emerging as critical drivers of customer lifetime value compared to digital-only channels.
- Goldman Sachs29 min
Epidemic Sound’s Oscar Höglund on the future of the music industry
Oscar Höglund, Clif Marriott, Oskar Haugland
Founded 15 years ago by Oskar Haugland, Epidemic Sound operates a B2B SaaS platform serving hundreds of thousands of customers by providing royalty-free music with 100% owned IP rights to cover approximately 20% of YouTube content. The company differentiates its economic model through a 50/50 revenue split with artists and utilizes a massive library of unencumbered data to train AI systems for track recommendation and adaptation, effectively democratizing production for creators ranging from individual influencers to Fortune 500 corporations. By leveraging daily feedback from 2.5 billion user interactions, the platform maintains a 92% gross margin while navigating industry shifts toward AI-driven content creation and converging media formats.
- Goldman Sachs24 min
Beyond roads, bridges, and tunnels: the megatrends shaping infrastructure investments
Teresa Mattamouros, Alyssa Nathan
The global infrastructure sector has expanded from traditional physical assets to include critical data centers and renewable energy projects, driven by a fourfold demand for decarbonization, digitization, deglobalization, and demographic shifts that currently outpace the trillion-dollar gap between public spending and estimated needs. Legislative frameworks like the U.S. Inflation Reduction Act have accelerated this transition by unlocking over $400 billion in private capital for clean power and manufacturing, contrasting with Europe's more rigid, top-down regulatory approach while offering investors inflation-protected returns and portfolio diversification. Despite these opportunities, the long-duration nature of these assets exposes them to risks from geopolitical instability and interest rate fluctuations, which may complicate refinancing and delay large-scale capital commitments.
- Goldman Sachs21 min
Nubank’s David Vélez: Entrepreneurs can help solve Brazil’s biggest challenges
David Velez and Nubank's co-founders built the region's largest bank by value by targeting structural inefficiencies in Latin America's unbanked markets, transforming a decade of macroeconomic volatility into a growth advantage. The company scaled across Brazil, Mexico, and Colombia by embedding a culture of user fanaticism and deploying product-led financial literacy tools that achieved industry-leading NPS scores surpassing global tech giants. Following a $30 billion pre-IPO valuation and backing from Berkshire Hathaway, Velez has now committed the majority of personal wealth to the Giving Pledge to further expand educational leadership and private-sector impact in the region.
- Goldman Sachs36 min
David Booth on being an index pioneer, working with Nobel laureates, & investing through uncertainty
Founded by David Booth in 1981, Dimensional Fund Advisors has grown to manage $680 billion by applying science-based strategies rooted in theories from Nobel laureates like Eugene Fama and Robert Merton. The firm distinguishes itself as the industry's largest active ETF issuer by prioritizing the management of uncertainty over market forecasting and lowering transaction costs through disciplined trading execution. Beyond its financial operations, Booth's governance integrates rigorous academic oversight, and his historic philanthropy has significantly elevated the University of Chicago Booth School of Business while preserving key historical artifacts like the original rules of basketball.