Lloyd Blankfein thinks the next financial crisis will be worse

Lloyd Blankfein went from public housing in East New York to the top of Goldman Sachs, which he led through the worst financial crisis since the Depression. In this conversation with Harvard Dean David Deming, the former Goldman CEO explains why he thinks the next big crisis will be harder to contain than 2008, why the worst move an ambitious young person can make is to skip college to chase money, and what a 390-year-old university owes the country it helped found. Plus the $500 check that changed how he saw Harvard, the "vampire squid," and the law of conservation of risk.Lloyd Blankfein is the Senior Chairman of Goldman Sachs and the author of Streetwise: Getting to and Through Goldman Sachs.For show notes and full episodes, subscribe to The Context Window with David Deming: https://thecontextwindowpodcast.substack.com This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thecontextwindowpodcast.substack.com