The David Rubenstein Show: David Solomon

Goldman Sachs Chairman and CEO David Solomon shared his thoughts on volatility and interest rates in the days following the global market rout in early August. In an interview with David Rubenstein for "The David Rubenstein Show: Peer to Peer Conversations," Solomon said he expects more volatility in the short term, but isn't concerned about a recession anytime soon. Solomon also called for at least one rate cut before the end of the year. This interview was recorded August 6 in New York.

00:00 Welcome
01:03 Market Selloff & the Fed
00:06:52 AI
00:11:41 Early Life
00:15:05 Starting at Goldman Sachs
00:18:16 Applying to Goldman Sachs
00:21:30 Biggest Worry as CEO
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[ChristianRonald-bd]

I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

[jahidtalukdar]

Best wishes to David. I do regularly listen to your interviews and find them very informative.

[Unsolicitedadvice]

Thank you David for this great interview! David Solomon is a great leader and one of the most important voices in our world economy today. Your interview style is amazing and you bring such great content to this space. Thank You!

[vivianzhang]

Yes, you have raise a good point: The index feedback of the market was just a market "correction" to the previous rapid market growth, and not a change in the nature of the market.

Thank you for sharing your investment wisdom.

Vivian Zhang

[vivianzhang]

Thank you for sharing all of your wonderful insights. Thank you.

Vivian zhang

[nicksideris]

2 great minds, BB hits it out of the park, as always

[ChrisBickley]

If inflation continues to re-accelerate, don't you think they will be forced to increase interest rates? It's not like they have the option to just stand back and watch it increase and hope it comes back down. They indicated they will act not just if it does not re-accelerate but if it does not demonstrate, it is actively on the way down to 2%, so the likelihood of an interest rate hike seems very significant. There's nothing to naturally bring inflation down at this point unless the labor I've been engaged in active trading, which is generally safer, allowing investors to weather market volatility and also managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....I'm especially grateful to Adriana Jensen, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[alexf]

Why is a guy like David Solomon not advising the President, Congress, etc on fiscal policy? If the national debt and government spending is what keeps him up at night how do you not want to help and serve your country, even if in an advisory position? It feels shortsighted especially for someone with children. There should be a committee of the top US financial professionals advising government officials on how to navigate the shitstorm we are up against.

[extrememike]

23:21 such a diverse group of partners

[michaelsaenz]

You've used AI for decacdes? wow ok

[jorgipogi]

Short and filtered: need more points on strategies and animal spirits.

[KaltoumaAzari]

Only recruitment from universities is successful. I can send 100 application to Morgan Stanley but they won't call me.