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49 of The Best Podcast Episodes for Goldman Sachs. A collection of podcasts episodes with or about Goldman Sachs, often where they are interviewed.

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49 of The Best Podcast Episodes for Goldman Sachs. A collection of podcasts episodes with or about Goldman Sachs, often where they are interviewed.

Updated daily with the latest episodes

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Brian Hollins of BLCK VC joins Nick on a special Crisis Coverage installment to discuss Breaking into VC; Excelling at Goldman Sachs; and the Origin of BLCK VC. In this episode, we cover:

  • Background and path to venture?
  • What was the most surprising thing about venture that you only realized after working in it for awhile?
  • So you've got this great job in venture...  Why'd you decide to go back to HBS?
  • Tell us about the origin story of BLCK VC?
  • What are some of the specific activities and programs that BLCK VC is running?
  • On June 4th, BLCK VC held an event, “We Won’t Wait”, for people in venture to take action. What were the primary goals and outcomes of the event?
  • I want to talk a bit about your experience at Goldman... did you have an opportunity to invest in black and/or underrepresented founders?
  • What, if anything, did Goldman do to support black investors and founders?
  • It's so hard breaking into this industry and orders-of-magnitude harder when you're black --  how have diversity issues and racial profiling affected your professional journey?
  • Can you give us your take on the current social unrest and what path you want to see going forward?
  • Do you think we'll see the systemic changes required this time or do you think progress will be limited?
  • Who are some investors, founders or people in the space you see paving the way and driving change?
  • What can white VCs do, specifically, to contribute to more better balance and stronger representation for black founders and investors?  What organizations do you care about?
  • What are sites or resources that our audience can visit to get more involved?
  • Aspen Fellowship... At New Stack we're rolling out a fellowship program to train young, college students in VC... you're back on a college campus... what are some ways that we can get our job description in front of more black, latin and underrepresented minority students?
    • Are there any national organizations or communities for college-aged, black students that are interested in tech?
  • 3 Data Points...
    • Let's say you are approached to invest in an enterprise SaaS business. The startup has $10M ARR, Growing 10% MoM and LTV:CAC is 4:1. Catch is you can only ask 3 questions (for 3 additional data points) to make your decision.
    • What 3 questions do you ask?

To listen more, please visit http://fullratchet.net/podcast-episodes/ for all of our other episodes.

Also, follow us on twitter @TheFullRatchet for updates and more information.

Jun 22 2020

53mins

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Jeff Currie of Goldman Sachs Discusses the Energy Markets and what can be Learned from the Reopening of China’s Economy

Gridlock Break
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Dr. Jeff Currie is global head of Commodities Research at Goldman Sachs, where he has held various positions since 1996. His research helps the firm and its clients with corporate risk management programs, short and long- term commodity investment strategies and asset allocation. Today, he will discuss the energy markets, recent trends in the oil industry, what can be learned from the reopening of China’s economy, and developments that have arisen from the COVID-19 epidemic. 

Dr. Currie explains how the recent pandemic has caused a drop in oil prices ten times larger than the drop experienced during the 2008 recession, and for understandable reasons. Oil enables globalization and facilitates social contact, two things this pandemic has inhibited the most. Dr. Currie believes the industrial need for oil will return as economies reopen, as will the need for oil to enable commuting, but jet oil needs will likely diminish as businesses realize the convenience afforded by video conferencing.

Go to NoLabels.org to learn more about how we are bringing together a bipartisan group of public and private leaders working to stop the virus, save lives and get Americans back to work.

Jun 08 2020

51mins

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Debunking Goldman Sachs Bitcoin Thesis with Bill Barhydt

The What Bitcoin Did Podcast
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“It’s their financial incentive, for their client base to not want to put 10% of their assets in Bitcoin.”
— Bill Barhydt

Location: Zoom
Date: Thursday 28th May
Project: Abra
Role: Founder & CEO

This week, Goldman Sachs held an investment advisory call for its clients during which it slammed Bitcoin as an investment and refused to accept it as an asset class.

Goldman's take on Bitcoin was in equal parts bearish and ignorant, with the investment bank listing five reasons for not classing Bitcoin as an asset or a suitable investment:

Bitcoin does not generate cash flow like bonds.

Bitcoin does not generate any earnings through exposure to global economic growth.

Bitcoin does not provide consistent diversification benefits given its unstable correlations.

Bitcoin does not dampen volatility given historical volatility of 76%. Goldman points to March 12 when bitcoin fell 37%.

Bitcoin does not show evidence of hedging against inflation.

Goldman raised numerous regularly debunked points as a negative, from scarcity to hard forks to illicit use cases, and compared Bitcoin to the Tulip mania of the 17th century.

Godman's investor call is not Bitcoin's first time Wall Street has challenged Bitcoin. In 2017 Jamie Dimon, the CEO of JP Morgan called Bitcoin a fraud and Warren Buffet has called all cryptocurrencies worthless. So why do some on Wall Street refuse to accept Bitcoin? Is it down to ignorance or does Bitcoin threaten their business model?

In this interview, I am joined by Bill Barhydt, the CEO and Founder of Abra. We discuss and debunk Goldman Sachs' arguments against Bitcoin as well as the reasons behind their lazy research.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Crypto Mining Tools - Bitcoin mining calculator, directory & comparison
Least Authority - Helping projects build secure technology

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WBD227 Show Notes: https://www.whatbitcoindid.com/podcast/debunking-goldman-sachs-bitcoin-thesis-with-bill-barhydt

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May 29 2020

Play

Life After Goldman Sachs: A Story of Extraordinary Success

Mindy Diamond on Independence: A Podcast for Financial Advisors Considering Change
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A conversation with Justin Berman, Founder and CEO of $3B Berman Capital Advisors

Any advisor who chooses to leave the comfort, familiarity and support of a major firm for independence is nothing less than courageous. But it is especially brave when a Goldman Sachs advisor does so.

Because Goldman advisors face the most onerous of post-employment restrictions: Garden Leave.

And spending 60 to 90 days on the beach is a significant risk that many advisors are reluctant to take. That is, unless they had complete confidence in their client relationships and their own ability to thrive as an independent business owner.

Even today it’s big news when a $1B+ team breaks away, but it’s even bigger news when they’re leaving the prestigious imprimatur of Goldman Sachs to do so.

Yet advisors tell us that things are changing at the firm. So much so that in the last 3 years, we’ve seen more Private Wealth Advisor teams – 14 actually – managing a billion dollars or more change jerseys than in the previous 2 decades combined.

So imagine a Goldman advisor making the leap 10 years ago—that is, to leave the firm and opt for independence at a time when the model wasn’t nearly as mainstream as it is today.

Case in point, a decade ago Justin Berman was running a successful private wealth practice at Goldman Sachs, managing over a billion dollars in assets. But he felt things were changing, limiting his ability to serve his high net worth clients’ needs and continue to grow his business.

So after almost 7 years with the firm, Justin opted to make the biggest leap of all and go independent, forming Atlanta-based Berman Capital Advisors.

Now, with a decade of business ownership under his belt, Justin joins the show to share the pushes and pulls that drove his decision to make such a significant leap. He offers sage advice for any advisor considering a move whether to independence or otherwise, including:

  • Why he chose to build his own firm—and what motivated him to forego an outsized recruiting bonus.
  • How he managed through Garden Leave—and why, despite sitting out 60 days, 90% of his clients still followed.
  • How an advisor can compete against Goldman or any big bank—and how access to a wider range of talent, investments and technology unavailable on bank platforms is a genuine advantage.
  • What he learned was the most important message to communicate to clients about leaving Goldman—and how separation of assets and custody played a key role in that conversation.

As Justin candidly shares, it was the threshold question from his largest client that was most persuasive in his decision to leave Goldman, “Are we getting the very best advice? Are you really able to put your best foot forward to help our family achieve our financial goals without limitation?”

And answering those questions is what he feels the decision to leave is really all about.

Related Resources

An Update for Goldman Sachs Private Wealth Advisors (PWAs)
What’s behind the recent departures? Read…

An Open Letter to Goldman Sachs Advisors
What’s driving the momentum? Read…

The Times They Are a Changin’—And So Are the Advisors
What can be learned from the growing trend of advisors leaving Goldman Sachs, regardless of the once seemingly impassable garden leave. Read…

Justin Berman:

Justin Berman founded Berman Capital Advisors in 2010 as part of his commitment to provide truly objective family office services, wealth management, and investment consulting services to a select group of high-net-worth families.

Prior to launching BCA, Justin was a Vice-President in the Private Wealth Management division of Goldman Sachs & Co., where he was a member of the firm’s Leadership Council. He has also served in the Investment Advisory Group at myCFO, Inc. and in the Private Client Group at Arthur Andersen & Co.

Justin is a Summa Cum Laude graduate of Georgetown University where he served as Varsity Tennis Captain and was a Rhodes Scholar Finalist. He also holds an MBA from The Wharton School, University of Pennsylvania where he was named a Palmer Scholar.

Justin is active in community affairs and serves as Chairman of the Board of My Journey Matters and is on the board of trustees of The McDonough School of Business at Georgetown University, Leadership Atlanta, Grady Health Foundation, and the Jewish Federation of Greater Atlanta. Justin is also involved in the Young Presidents’ Organization. He and his wife, Mara, reside in Atlanta and have three children

This podcast is also available on…

Browse other episodes in this podcast series…

May 28 2020

51mins

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Haseem Shah: Ex-Analyst at Goldman Sachs

Secrets of the City
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Haseem is a former analyst in Goldman Sachs' private wealth management division, and is now an equity research analyst at Mondrian Investment Partners. On this episode we begin to unpack the complex world of financial services, and discuss Haseem's experiences during his time at GS.  Hosted by Aayush Sonthalia, 2nd May 2020. 

May 02 2020

25mins

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How COVID Is Changing Goldman Sachs' Digital Bank

Banking With Interest
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Harit Talwar, the head of digital finance for Goldman Sachs, talks about how customers are changing their financial activity in response to the coronavirus. He also discusses Marcus' new app, provides details about its partnerships with Apple and JetBlue, and hints where it is headed next. 

Apr 28 2020

31mins

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Matthew Turk: Modernizing Goldman Sachs from Within

Things Have Changed
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Inside the technological changes taking place within Goldman Sachs, and our friend Matthew Turk who is dead center in the middle of this shift.

Banks sit on huge amounts of data, & can deploy deep learning models to improve their financial edge & today's episode is an insight into this complex world.
The top 100 global banks, including Goldman Sachs, are beginning to take Artificial Intelligence & Machine Learning strategies very seriously to generate a  Return on Investment (ROI) in the increasingly technologically driven financial services industry.

Disruptive startups have flood the financial market from Stripe, Apple to Transferwise & Square are changing how we pay for things, while digital currencies, peer-to-peer lending, ‘alternative-data’ providers and pay-as-you-go insurance platforms are threatening the universal bank model.

Matt's AI/ ML team at Goldman is at the center of this internal revolution aiming to apply automation to improve speed, access and reliability across a number of businesses, from a customer applying for a personal loan online to a client receiving automatic notifications when they might want to divest from a particular industry or stock.

Matt Turk works at Goldman Sachs as a Machine Learning Quant Analyst to implement complex mathematical models that make decisions about risk management, investments and pricing. Matt studied at UC Berkeley with a degree in Electrical Engineering and Computer Science graduating in 2018. 

Links:

Support the show (https://www.instagram.com/thc_pod/)

Apr 22 2020

46mins

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David Tait: Ex-Head of FX Trading at Goldman Sachs - Coping with Extreme Fear.

The AlphaMind Podcast
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In this second interview with David Tait, David talks about fear in trading and how best to cope and manage with the extreme fear which is part of terrain of trading.

When it comes to fear, and fear in trading, there are few people better qualified in the world to talk about this subject than David.  David has sat at the top table of the financial markets for near 4 decades. He was formerly head of FX and Proprietary trading at Goldman Sachs. He has also been Global Head of Macro trading at UBS and Credit Suisse, and currently is CEO of the World Gold Council. 

As well as garnishing a reputation for fearlessness when trading, David is also one of only a handful of people to have climbed mount Everest on five separate occasions, including being the first person to climb from the North side and descend from the South, alongside Sherpa legend Phurba Tashi.

David’s climbs of Mount Everest raised over £1.5 million (Over $2 million) for charities which fight child abuse and support child abuse victims. These charities are dear to David’s heart having himself been a victim of child sex abuse.

The timing of this interview is aimed to coincide with a new movie about David's life-story called “Sulphur and White” which had its royal premier last month.

This is the second of two interviews with David, in the first interview last week, David shared his story, warts and all, reflecting on his uneasy relationship with self-respect and his experiences as a victim of sexual abuse by a now-deceased relative, affected is personal and working life. 

David’s harrowing experiences are probably one of the reasons why he had a higher level of immunity to the work stresses and fears that impact many others. 

In this interview we have a deeply engaging conversation about fear, risk and trading. We explore some tips people can use to help them manage and cope with fear better and discuss both of our own experiences in this area. David also shares some insights of when he was gripped by fear, including how he coped when faced with an ice avalanche close to the top of Mount Everest, which he thought was going to kill him.  

You can find out more about David and the film ‘Sulphur and White’ by visiting   https://davidtait.com/

Mar 16 2020

1hr 3mins

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David Tait: Fearless Ex-Head of FX Trading at Goldman Sachs - Life and Trading Cannot Be Separated.

The AlphaMind Podcast
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David Tait had a fearlessness which made him one of the world’s top traders. This edge helped establish him as one of the leading figures in trading in the financial markets. David success led to him becoming Global Head of FX Trading at Goldman Sachs and he went on to hold other major trading and leadership roles at investment banks Credit Suisse and UBS and was an original partner at Hedge Fund Bluecrest Capital. 

David is now the CEO of the World Gold Council and is an Independent Member of the Bank of England’s Fixed Income, Commodity and Currency (FICC) Market Standards Board. 

However, behind David’s success was a tragic and heart-breaking upbringing, which he kept secret from the world for many years. David’s incredible story was both fueled and marred by a terrible and dark past. 

David's life-story has now been made into a major motion picture, directed by one of the movie industry’s leading filmmakers, and boasting an all-star cast. The film is called “Sulphur and White” and had its royal premier last week.

In this interview David shares his story, warts and all. The interview is timed to coincide with the national release of the movie in the UK this week. 

This is the first of 2 interviews with David: The primary aim of the interview is to raise awareness of the movie, and to help give it publicity to support its release. And whilst this may not be the usual interview on trading and investment, it does however raise some crucially important themes about managing self as a trader, and raises questions around people abilities to separate their lives in the hugely demanding world of trading, from their personal life, and lives of people who matter in their life. 

Some more background on David Tait: 

David has been a prolific fundraiser for children’s charities. Most notably the National Society for the Prevention of Cruelty to Children (NSPCC). He was awarded one of the UK’s top honours (an MBE) by the Queen in 2010 for his services to the charity. David has climbed Mount Everest on five separate occasion to raise money for charity, a feat only achieved by a handful of people. In 2007 he set a world first by performing the very first North-South traverse of Everest. His charity raising efforts have to date raised over £1.5million ($2million) for the NSPCC and ChildLine. 

All profits from the movie #sulphurandwhite, will be going to the NSPCC. 

Mar 03 2020

1hr 12mins

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Goldman Sachs Chairman & CEO, David Solomon

David Novak Leadership Podcast
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David Solomon is Chairman and Chief Executive Officer of The Goldman Sachs Group, Inc., one of the most revered financial institutions in the world. Since his appointment to CEO in 2018 and Chairman in 2019, David has taken steps towards reforming the culture at Goldman Sachs to be more collaborative and diverse internally, and smarter with financial technology externally.

Under his leadership, Goldman Sachs signed a historic deal with Apple to create the first-ever Apple Credit Card. David joined Goldman Sachs as a Partner in 1999 after rising through the ranks at Bear Stearns. Often perceived as an organizational outsider, David has successfully established himself as a leader who is transparent, strategic, and an effective communicator, with big plans for the future of Goldman Sachs as a financial leader in a changing world.

Leave David a question for our quarterly Q&A episodes by commenting on this platform. Or tweet him at @DavidNovakOGO

Listen to other leaders sharing their insights at: davidnovakleadership.com/podcast
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Feb 27 2020

52mins

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