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Masters in Business

Robert Hormats on the Art of Business and Diplomacy (Podcast)

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.42.2K Ratings

🗓️ 3 September 2021

⏱️ 97 minutes

🧾️ Download transcript

Summary

Bloomberg Opinion columnist Barry Ritholtz speaks with Tiedemann Advisors managing director Robert Hormats, whose decades of experience in international trade and investment have brought him to posts in Western Europe, China, India, Russia, the Middle East and Southeast Asia. Prior to his work with Tiedemann Advisors, Hormats spent 25 years at Goldman Sachs (International), rising to vice chairman. He has also served five U.S. presidential administrations, most recently as undersecretary of state for economic growth, energy and the environment from 2009 through 2013. He has a Ph.D. in international economics from Tufts University.

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Transcript

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0:00.0

Little could be done for children with duchin muscular dystrophy until the gene responsible

0:09.2

for the disease was known.

0:11.1

Hear about the possibilities geneticists are now exploring on the latest episode of Targeting

0:15.8

the Toughest Diseases, a new podcast by Bloomberg Media Studios and Vertex Pharmaceuticals.

0:28.9

This is Masters in Business with Barry Redholz on Bloomberg Radio.

0:35.2

This week on the podcast strap yourself in.

0:38.0

I have an extra special guest, Robert Hormatz, former vice chairman of Goldman Sachs.

0:47.1

God his resume is just astonishing from the Nixon administration to the Reagan administration

0:53.4

to the Obama administration, back and forth into private sector to public service.

1:00.4

Really just a legendary guy, the French awarded him the Legion of Honor Medal in 1982.

1:08.0

He's currently managing director at Tiniman Advisors who essentially work with a lot of ultra-high

1:14.5

net worth family offices and some institutions and endowments.

1:19.7

You probably know him best from his many years as vice chairman at Goldman Sachs.

1:26.1

What can I say, a legendary career really insightful about the state of the world today.

1:33.9

We talk about everything from the infrastructure build out in China to what the US needs

1:40.3

to do to catch up and stay economically competitive to what's going on in technology and crypto

1:47.2

when just really his perspective is unique.

1:51.9

I think he has a lot of insights not only about investing but about how to manage your own

1:59.1

career, how to build a collaborative enterprise, how to make sure that you stay in touch

2:05.7

with people even when they have nothing to offer you other than collegiality and friendship.

2:15.5

He is very much a thoughtful diplomat and has just put together an amazing track record.

2:22.0

Let me stop babbling and just say with no further ado, my conversation with Bob Hormatz.

...

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