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How Leaders Lead with David Novak

#137: David Solomon, CEO of Goldman Sachs – Take the long view

How Leaders Lead with David Novak

David Novak Leadership

Entrepreneurship, Business, Management

4.8596 Ratings

🗓️ 1 June 2023

⏱️ 59 minutes

🧾️ Download transcript

Summary

Every leader feels a pressure to deliver. People want results, and they want them now. Because of that, it’s easy to get short-sighted. Sometimes, we don’t really give ourselves permission to think too far ahead.  But if you want success that’s sustainable, you’ve got to learn how to take a longer view of things.  That’s exactly what you’ll learn from today’s guest, David Solomon. He’s the CEO of Goldman Sachs, one of the most renowned companies in the financial industry. David faces a lot of short-term pressures. But those don’t keep him from looking down the road and taking a long-term approach. In this conversation, you’re gonna learn how it’s done – and why it’s crucial for any leader who wants to build trust and be a part of something that lasts. You’ll also learn: An economic outlook and summary that every leader needs to hear right now 3 questions to evaluate your career path An important mindset shift you need to make if your company operates in multiple divisions Why it’s important to make time for your hobbies (you won’t believe David’s side hustle!) Two keys to success for any small business leader Take your learning further. Get proven leadership advice from these (free!) resources: The How Leaders Lead App: A vast library of 90-second leadership lessons to stay sharp on the go  Daily Insight Emails: One small (but powerful!) leadership principle to focus on each day Whichever you choose, you can be sure you’ll get the trusted leadership advice you need to advance your career, develop your team, and grow your business.

Transcript

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0:00.0

Welcome to How Leaders Lead where every week you get to listen in while I interview some of the

0:08.3

very best leaders in the world. I break down the key learning so that by the end of the episode,

0:13.3

you'll have something simple you can apply as you develop into a better leader. That's what

0:17.7

this podcast is all about. You know, I think every good leader feels that pressure

0:22.3

to deliver. People want results and they want them now. But that can make it really easy to get

0:28.5

short-sighted. Sometimes we don't really give ourselves permission to look down the road and think about

0:34.0

the long term. But if you want success that's actually sustainable,

0:38.0

you've got to learn how to take a longer view of things.

0:41.2

And that's why I'm excited for you to hear from my guest today, David Solomon.

0:45.1

He's the CEO of Goldman Sachs, one of the most renowned companies in the financial industry.

0:50.7

Now look, David faces a lot of short-term pressures,

0:56.0

but those don't keep him from looking ahead and taking a long-term approach.

0:58.4

Of course, that's never easy.

1:00.8

It takes a heck of a lot of courage.

1:02.8

But in this conversation, you're going to learn how it's done and why it's crucial for any

1:07.2

leader who wants to build trust and be a part of something that lasts.

1:11.2

Plus, David's got some insights into the economy that you do not want to miss.

1:16.1

He explains from his perspective what's really been going on over the last few years

1:20.8

and what leaders need to be doing to prepare for what's coming.

1:24.4

So let's jump right in.

1:25.7

Here's my conversation with my good friend and soon to be

1:28.8

yours, David Solomon. You know, David, I always like to start out at the beginning. Tell us about

...

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