Latest Interviews
Showing 1–12 of 12 interview transcripts.
Clear all filters- Goldman Sachs32 min
Steven Tananbaum: The Evolution of Credit Investing and AI Opportunities
Steven Tananbaum, John Waldron, Steve Tenenbaum
GoldenTree Asset Management founder Steve Tenenbaum outlines current credit market risks driven by AI adoption, noting widened spreads for entities like SpaceX alongside his firm's evolution from post-2008 distress turnaround strategies to targeted 3.0 platform acquisitions. He details the firm's disciplined investment process, which prioritizes specific catalysts and strict asset coverage ratios to navigate complex environments like the 2020 oil services and European bank sectors where the firm generated billions in returns. Looking forward, Tenenbaum identifies dispersion caused by AI disruption as a key driver for new opportunities in private credit, software, and 30-year TIPS while emphasizing the necessity of rigorous process discipline over complex narratives.
- Goldman Sachs23 min
The Future of Industrial AI with Honeywell Technologies Chairman and CEO Vimal Kapur
Honeywell is executing a strategic split into three public entities—Honeywell Aerospace, Solstice Advanced Materials, and a residual company led by CEO Vimal Kapoor—to eliminate corporate complexity and unlock value through pure-play exposure. This transformation is underpinned by a robust automation business model generating mid-single-digit growth via capital and operations spend, while simultaneously deploying "Physical AI" agentic systems to augment human decision-making in industrial settings. The company also anticipates a near-term inflection point for quantum computing utility within two to three years, all while streamlining its post-separation governance to focus exclusively on portfolio strategy and talent management.
- Goldman Sachs19 min
Regeneron CEO Dr. Leonard Schleifer on Science-Driven Success
Dr. Leonard Schleifer, John Waldron
Founded in 1988 by MD-PhDs Leonard Schleifer and George Yancopoulos, Regeneron rejects top-down target selection to pursue science-driven therapeutics, enduring two decades of losses before achieving profitability in 2011. The company currently employs 15,000 people and markets Dupixent as its flagship treatment for diverse allergic conditions while leveraging genomic data from 3 million individuals to advance research in areas like obesity and cancer. Under Schleifer's unique leadership style that eschews quarterly earnings guidance, Regeneron is expanding its genetic sequencing efforts to 50 million people and integrating AI to refine diagnostic precision without compromising its "do well by doing good" ethical mandate.
- Goldman Sachs33 min
Seth Klarman on Finding Value and Maintaining Discipline
Baupost Group's Scott Klarman articulates a 42-year investment philosophy that prioritizes capital preservation through strict margin of safety requirements and the avoidance of leverage, while evolving from traditional value metrics to include franchise value and private market dynamics. The firm's decision-making process relies on rigorous internal debate, pre-mortem risk analysis, and a culture that rewards intellectual honesty, allowing the team to navigate distressed assets and market volatility without succumbing to behavioral biases. Current portfolio construction maintains a balanced allocation across private credit, public equity, and real estate, explicitly targeting the downside risks posed by rising rates and commercial real estate stress while preparing the next generation for severe economic downturns.
- Goldman Sachs25 min
How Goldman Sachs’ John Waldron is navigating “a more uncertain time”
Goldman Sachs reports that the U.S. economy remains resilient against recession fears despite April tariff shocks, though persistent fiscal deficits and policy uncertainty continue to constrain corporate capital investment and global capital allocation. The firm has moderated its own risk positioning while anticipating a resurgence in capital markets activity this summer, provided no further exogenous policy disruptions occur. Leadership is simultaneously pivoting toward operational excellence and technology infrastructure to stabilize revenue streams and navigate a volatile environment defined by shifting interest rates and tariff trajectories.
- 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 Sachs35 min
How the Florida Panthers won the Stanley Cup with CEO Matt Caldwell
CEO Matt Caldwell spearheaded the Florida Panthers' transformation from a financially struggling franchise into a Stanley Cup champion by implementing Wall Street-level financial rigor and a data-driven "grit" culture. The organization achieved this turnaround by pivoting revenue streams from traditional cable models to direct-to-consumer and Over-the-Air broadcasting while aggressively cultivating community engagement through veteran-focused initiatives and grassroots youth programs. This strategic shift not only secured the team's first championship in thirty years but also established a sustainable business model capable of thriving despite the NHL's unique salary cap constraints and the rapid evolution of sports media distribution.
- Goldman Sachs25 min
Soros Fund Management’s Dawn Fitzpatrick on the Risks and Rewards of Contrarian Views
Dawn Fitzpatrick, John Waldron
Soros Fund Management manages approximately $30 billion to fund annual social grants, utilizing a pragmatic investment framework that targets $1.3 billion to $1.7 billion in philanthropy while enforcing strict ESG red lines against primary brown energy companies. In the current macro environment of synchronized central bank cuts, the firm maintains a defensive fixed income stance by trading 10-year yields in a 3.75% to 4% range and avoids extending duration, while shifting focus toward asset-backed securities and public healthcare megatrends like GLP-1 drugs. Complementing these capital allocation strategies, leadership emphasizes intellectual honesty and disciplined patience derived from George Soros's mentorship, alongside innovative diversity initiatives that tie senior compensation to the long-term success of junior hires from underrepresented groups.
- Goldman Sachs35 min
Blackstone’s Jon Gray on real estate, rates, and building a winning company culture
Jon Gray, Jonathan Gray, John Waldron
John Gray, President and COO of Blackstone, leverages the firm's $1 trillion asset base to guide a strategic pivot toward thematic sectors like data centers and life sciences while navigating a post-2008 landscape defined by shifting capital flows. Through disciplined contrarian investing exemplified by the Hilton turnaround and a "concussion bombing" deployment strategy, Blackstone is capitalizing on falling interest rates to restart IPO and transaction markets despite current macroeconomic headwinds. Gray's leadership couples this aggressive capital allocation with a strong entrepreneurial culture and philanthropic rigor, positioning the firm to exploit growth opportunities in India and resilient real estate sub-sectors like logistics.
- Goldman Sachs31 min
Eli Lilly CEO Dave Ricks on revolutionizing healthcare and medicine
Eli Lilly CEO Dave Ricks outlines a strategic pivot from the current GLP-1 obesity drug boom to a 2030s focus on brain health and gene therapy, backed by a plan to double R&D spending to $11 billion annually. The company is accelerating development cycles by 50% through a global "follow the sun" manufacturing model and investing heavily in AI-driven discovery to overcome traditional productivity curves, while simultaneously scaling production capacity tenfold to meet demand. To secure future growth, Lilly is shifting toward talent-focused acquisitions and diversifying intellectual property protections against regulatory and political headwinds as it targets the treatment of neurodegenerative diseases and chronic conditions.
- 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 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.