My First Million: Lloyd Blankfein’s Real Investing Playbook and Big Lessons

Former Goldman Sachs CEO Lloyd Blankfein reveals how he invests his own money, why he keeps about 98% of his portfolio in equities, and what his career taught him about risk, judgment, and success. In this condensed My First Million recap, hosts Saam Paar and Shaan Puri unpack Blankfein’s views on ETFs, single stocks, big tech, energy, financial services, and why young investors can afford more risk—but shouldn’t turn investing into a game. You’ll also hear his blunt takes on leadership, the 2008 crisis, Warren Buffett’s famous Goldman deal, missed opportunities like SpaceX, and the role of family, anxiety, and social mobility in shaping his outlook. This short version turns the full conversation into a time-saving summary of the biggest personal finance, investing, and business lessons. Listen now to get the key ideas in minutes.