Latest Interviews
Showing 601–615 of 1,193 interview transcripts.
Clear all filters- Goldman Sachs16 min
Sherry Turkle, MIT Professor and Author of "The Empathy Diaries"
Sociologist Sherry Turkle reflects on how childhood family secrets and a transformative moment of peer empathy at Harvard shaped her lifelong dedication to truth and her distinctive view of leadership as active, open-ended listening. She details her early, isolated research in the late 1970s where she challenged MIT's engineering establishment to recognize computers as intimate "second selves," a thesis later validated by the modern emotional role of technology. Drawing on her pandemic experience and career advice to study what she loves, Turkle argues that the capacity for solitude and the pursuit of intrinsic passion provide essential resilience against professional and personal upheaval.
- Goldman Sachs7 min
The Semiconductor Shortage of 2021
Originating from pandemic-driven demand shocks rather than geopolitical tensions, the current semiconductor supply crunch has pushed industry lead times beyond the 14-week danger zone, severely constraining production of microcontrollers and power devices on older 28nm and 40nm nodes. Manufacturers face structural hurdles in expanding capacity due to limited incentives to invest in fully depreciated equipment and a two-year timeline required to construct new facilities, a situation exemplified by Toyota's resilience through pre-established resource planning. As the shortage persists through year-end with rising prices and order overshoot fueled by inventory stockpiling, the market risks a volatile transition where a V-shaped demand recovery could eventually be complicated by future oversupply conditions.
- Goldman Sachs16 min
Charles Phillips, Co-Chair of the Black Economic Alliance and Co-Founder of Recognize
Charles Phillips, co-founder of Recognize, leverages his background in computer science and corporate leadership to launch "110," a private initiative designed to create one million jobs for Black people by aggregating nonprofit training networks and securing commitments from dozens of major corporations. Beyond employment, the program emphasizes targeted economic levers such as increasing Black homeownership through "rent-to-own" models and supports parallel efforts to address wealth gaps facing Black women in entrepreneurship. Drawing on his experience driving cloud adoption at Recognize, Phillips argues that specialized third-party providers offer the scalable infrastructure necessary to sustain these high-impact social and technological advancements.
- Goldman Sachs10 min
Investing in High Yield Bonds and Bank Loans
Goldman Sachs Asset Management analyzes the high-yield and bank loan markets by contrasting 2020's central bank-supported resilience with 2021's profit-taking outflows and anticipated rate hike sensitivity. The firm forecasts annual returns of 4% to 5% for U.S. high yield and 4.5% to 5.5% for bank loans, driven by coupon carry, sector migration from fallen angels to rising stars, and the structural stability of collateralized loan obligations. Strategic allocation shifts toward investment-grade issuers downgraded in the energy sector and active security selection aim to navigate elevated leverage ratios while capitalizing on expected second-half 2021 economic recovery.
- Goldman Sachs8 min
The End is Near: Understanding the Transition from LIBOR
U.S. regulators finalized a timeline confirming that non-U.S. dollar LIBOR rates will cease at year-end while dollar rates remain published until June 30, 2023, to facilitate a controlled wind-down of legacy contracts. This transition replaces the benchmark with SOFR, a secured overnight rate backed by a Federal Reserve partnership, while industry groups work to align averaging methodologies between loan and derivatives markets to mitigate basis risks. Global coordination and ongoing legislative efforts aim to standardize the adoption of risk-free rate alternatives across jurisdictions and eliminate residual legal uncertainties.
- Goldman Sachs15 min
Antoine Flamarion and Mathieu Chabran, Co-Founders of Tikehau Capital
Antoine Flamarion, Mathieu Chabran, Alison
TKO Capital co-founders Antoine Fulmarian and Mathieu Chabron are leveraging private markets, SPACs, and a €1 billion Energy Transition Fund to drive industrial growth and decarbonization efforts. The firm combines a "skin in the game" balance sheet strategy with contrarian thinking to target infrastructure, European private equity, and real SMEs while maintaining offices across the US, Europe, and Asia. By prioritizing creation over competition and advising investors to act with offensive ambition, TKO aims to capitalize on global structural shifts following the post-pandemic economic reset.
- Goldman Sachs10 min
The Future of Auto Tech
Goldman Sachs has launched a joint venture merging its software and industrial divisions to capitalize on what it terms the "greatest industrial revolution of our time," a multi-decade shift toward electrified, software-integrated, and autonomous mobility. The firm anticipates this transition will face supply-side constraints driven by global battery manufacturing capacity while leveraging Special Purpose Acquisition Companies to fund capital-intensive ventures across a landscape of mature technologies and emerging startups. Investment strategies will prioritize long-term horizons of up to fifteen years to navigate the sector's unique challenges, aiming to deliver significant reductions in carbon emissions and substantial improvements in global health.
- Goldman Sachs19 min
Jens Stoltenberg, Secretary-General of NATO
Jens Stoltenberg, Nick Schifrin
NATO Secretary General Jens Stoltenberg identifies climate change as a critical security threat that forces military adaptation while describing Russia as an assertive adversary and China as a systemic challenge to the alliance's liberal democratic values. To counter these evolving risks, the organization has implemented its largest collective defense reinforcement since the Cold War, including new battle groups in Eastern Europe, even as it maintains operational readiness during the pandemic and prepares for the planned troop withdrawal from Afghanistan. Through the "NATO 2030" initiative, the alliance aims to preserve its consensus-based unity and global dominance by adapting its command structures, reducing fossil fuel dependence, and addressing hybrid threats like disinformation campaigns.
- Goldman Sachs17 min
How Hedge Funds are Navigating a Volatile Market
Diana Dieckman, Freddie Parker, Jake Seward, Diana Dykman
Goldman Sachs surveyed nearly 450 allocators representing $1 trillion in assets, revealing that the hedge fund industry generated record AUM of $3.6 trillion in 2020 driven entirely by performance rather than new capital flows. While the sector recovered strongly from early-year losses with average returns exceeding 20%, the outlook for 2021 anticipates $35 billion in net inflows and a strategic pivot toward discretionary macro managers and Asian exposure, particularly China. This shift coincides with a reversal in fee compression, as rising performance prompted average management and performance fees to increase for the first time since 2012.
- Goldman Sachs18 min
Christina Swarns, Executive Director of the Innocence Project
Christina Swarnes and exoneree Hugh Burton highlight critical structural failures in the criminal justice system, citing racial disparities in wrongful convictions and the absence of accountability for officials who secure false confessions. Their discussion emphasizes specific cases like *Buck v. Davis* and Burton's own 19-year incarceration to illustrate the urgent need for mandatory interrogation recording and systemic reforms driven by the post-George Floyd reckoning. Together, they argue that true safety requires local community accountability and robust support structures to assist individuals reintegrating after being wrongly convicted.
- Goldman Sachs12 min
Rising Yields, Inflation and Risk Assets
Fixed income global portfolio managers oversee more than $700 billion in assets while analyzing rising treasury yields as a temporary repricing of long-term supply driven by new fiscal stimulus rather than a sustained inflationary crisis. The speaker contrasts current market dynamics with the 2013 "taper tantrum," emphasizing that the Federal Reserve intends to maintain an accommodative stance through 2022 to achieve full employment without raising rates until 2023. Consequently, investors are advised to view yields of 2% to 2.25% on the 10-year bond as a buying opportunity and to increase allocations to credit and municipal bonds as bonds resume their historical role as portfolio ballast against equity volatility.
- Goldman Sachs10 min
Markets Update: Cryptocurrency Trading
Mathew McDermott, Jake Seward, Matt McDermott
Goldman Sachs reports over 300 institutional conversations revealing a strategic shift from curiosity to active Bitcoin allocation, driven by corporate treasurers seeking balance sheet protection and hedge funds reawakening to digital assets. The firm’s proprietary survey indicates that 40% of clients currently hold crypto exposure with 61% planning increases, prompting Goldman to expand its Marquee platform with derivatives and prime brokerage services to navigate US regulatory constraints. While clients project year-end Bitcoin valuations between $40,000 and $100,000, the institution emphasizes that its product development prioritizes hedging and settlement solutions over direct physical delivery to comply with current banking limitations.
- Goldman Sachs12 min
The Active Private Equity Landscape in Europe
European private equity deal volumes surged 25% year-on-year in early 2021, driven by concentrated investment in Technology, Media, Telecom, and Healthcare sectors that are capitalizing on secular growth trends. Secondary buyouts and carve-outs accelerated significantly as private equity firms justified premiums through value creation theses, attracting diverse participants from multi-line managers to family offices despite elevated valuations. While the market continues to deploy capital aggressively, the industry is simultaneously pivoting toward rigorous ESG integration, prioritizing climate-focused funds and governance reforms to translate commitments into tangible operational results.
- Goldman Sachs17 min
Horacio Rozanski, President and CEO of Booz Allen Hamilton
Booz Allen Hamilton President Horacio Rosansky discussed the firm's strategic integration of private-sector innovation with complex government missions, highlighting advancements in AI, cybersecurity, and sustainability during a "Talks at GS" appearance. Addressing social equity with unprecedented urgency, Rosansky detailed how the leadership team prioritized internal assessments of diversity and race to complement the company's rapid growth in data science and space asset protection under its "Vision 2020" initiative. The conversation concluded with Rosansky's assessment of post-election operational challenges and his vision for accelerating technological adaptation to address exponential changes in the 2020s while fostering a legacy of broadened opportunity.
- Goldman Sachs9 min
How the Pandemic is Reshaping Education
Katherine Tait, Catherine, Liz
As remote learning enrollment stabilizes at roughly 12–15%, the higher education sector is accelerating a permanent shift toward blended learning models driven by a 700% increase in faculty digital adoption and a student demand for unbundled, skill-based credentials. This structural transformation is fueled by a record $16 billion in venture capital and a corporate pivot to continuous upskilling, creating emerging market leaders focused on platform-agnostic courseware and institutional revenue diversification. Ultimately, the pandemic has cemented remote technology as the standard infrastructure for both K-12 and corporate training, signaling a long-term evolution from traditional degree tracks to flexible, lifelong learning ecosystems.