Lloyd Blankfein Details Concentrated, Daily Personal Trading Approach
Goshawk Trades relays Lloyd Blankfein's account of managing his own portfolio, which is 98% risky assets concentrated in big tech, energy and financial services, traded daily from an iPad and phone. Blankfein says he has outperformed the market.
Original post · 1 min read
portfolio: 98% risky assets. 75-90% single stocks. mostly big tech hyperscalers plus "second tier" names slightly below blue chip.
"i invest in risky assets. that's what's fun for me."
"do you have a team? oh, just me."
hardware: no computer. an iPad and a phone.
information source: texting and calling people.
"somebody will text me. i'll text them. then i'll get tired of tapping things out because of my fat fingers. so i just call people up."
frequency: trades every single day. multiple times.
"it's taking a lot of discipline not to look at my screen while i'm talking to you right now."
"some people listen to music. to me, the market is like music. it's out there. it's going on."
has he outperformed the market? "yes, i have for a while. it's because of where i focused, tech, energy, and financial services. i know a lot about financial services having been in financial services."
the former CEO of Goldman Sachs. manages his own money. on an iPad. alone. focused on three sectors he actually knows. and beats the market.
sometimes the edge isn't the model. it's 40 years of pattern recognition and a phone full of the right contacts.

