Key facts
- Lloyd Blankfein is focused on tech, energy, and financial services sectors.
- He is currently 98% invested in risky assets.
- Blankfein trades a mix of single stocks and ETFs.
- He remains bullish on Big Tech.
- Blankfein still holds a significant amount of his former employer's stock.
Former Goldman Sachs CEO Lloyd Blankfein has revealed his current investment focus lies within three specific sectors: technology, energy, and financial services. Speaking on the "My First Million" podcast, Blankfein explained that his background in energy trading and extensive experience in financial services informs his decisions in those areas.
Blankfein, who left Goldman Sachs in 2018, stated that he is currently 98% invested in risky assets, utilizing a strategy that involves trading a combination of individual stocks and exchange-traded funds (ETFs). Despite previous warnings about potential market "reckonings" and financial crises, he expressed enjoyment in investing in riskier assets.
While not disclosing specific holdings, Blankfein indicated he owns leading "hyperscaler" tech companies and their competitors, and still retains a significant amount of Goldman Sachs stock. He also conveyed a generally bullish outlook on Big Tech, stating he would remain bullish as long as the sector continues to rise, even amidst discussions of a potential AI trade bubble.