Latest Interviews
Showing 121–135 of 342 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 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 Sachs10 min
Opportunities amidst historic volatility
Josh Schifrin and market analysts assess a volatile economic landscape where projected tariffs threaten to spark inflation and a temporary growth dip while creating a binary risk scenario between a trade war recession or a deal-driven recovery. Treasury yields have surged following hawkish commentary on tariff-induced inflation, breaking historical inverse correlations with equities and signaling fragility in market liquidity that mirrors structural stresses without reaching COVID-era severity. Despite this turbulence, strategists recommend buying equity dips and anticipate a weakening U.S. dollar alongside bearish oil prices as the market awaits the outcomes of the 90-day tariff pause to stabilize the frenetic trading environment.
- 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 Sachs11 min
Recession watch: How to hedge now
Daan Struyven, Allison Nathan, Don Stryven
Recorded on April 8, 2025, Goldman Sachs analysts presented a strategic pivot toward hedging with commodities, projecting a 10% rise in gold to $3,300 per ounce under stagnation while forecasting a decline to $55 per barrel for Brent crude by 2026. The presentation detailed a "long gold, short oil" portfolio architecture designed to capitalize on anticipated Fed rate cuts and supply surges, respectively, with recession scenarios potentially pushing gold toward $4,250 or oil below $40. Additionally, the analysis highlighted copper's resilient long-term outlook driven by supply deficits, despite near-term volatility exacerbated by U.S. tariff announcements.
- Goldman Sachs27 min
Jigsaw CEO Yasmin Green on AI and using technology for good
Yasmin Green, Sharmin Mossavar-Rahmani, Sharmeen Masovar-Rahmani
Jigsaw, a semi-autonomous unit within Google, applies interdisciplinary research to develop AI tools like the Perspective API and Bowling Green pilot that enhance online discourse while addressing the societal shift from information literacy to information sensibility. Led by founders Yasmin Green and Jared Cohen, the group analyzes the trajectory of artificial general intelligence to predict the automation of entry-level work and the potential for AI to exacerbate global inequalities. Their current strategic focus counters public anxiety about technological subservience by prioritizing human connection and workflow-centric organizational structures over raw computational acceleration.
- 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 Sachs28 min
Dame Sarah Storey on winning her 19th Paralympic gold medal
Britain's most decorated Paralympian Dame Sarah Storey secured her 19th Paris 2024 gold medal, extending her career total to 30 golds while reflecting on her unique transition from swimming to cycling and the erosion of government funding since 2008. She advocates for increased sponsorship and infrastructure investment to support the "speculate to accumulate" reality of Paralympic cycling and emphasizes innovation in physiological management as she considers a potential 10th Paralympic appearance in 2028. Storey attributes her longevity to a multidisciplinary team approach and the aggregation of marginal gains, rejecting traditional sports hierarchies in favor of holistic strategies that accommodate perimenopausal needs and family motivations.
- 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.