Lloyd Blankfein left Goldman Sachs in 2018, but the former top banker hasn't been sitting on the sidelines of the market since then.
Blankfein recently discussed his investing philosophy with Sam Parr on the My First Million podcast, breaking down where he's putting his money and how he's making investment decisions. He says he's focused on three stock sectors in particular, noting that he's often trading stocks every day.
"I'm mostly and have been in tech and energy," he said. "Don't forget, I have a background in trading energy. I'm also in financial services cause I know a lot about it having been in the [the industry]. Those are the three areas that I've been focused on."
Blankfein is still trading even as he warned in March that markets were due for a "reckoning," and that a major shakeup could be looming, pointing to private credit stress in particular. Prior to that, he had said he was worried about another financial crisis.
Now, though, he says he's having fun investing in risky assets in his own portfolio.
"I am 98% in risky assets," he said, noting that he trades a mix of single stocks and ETFs.
While he didn't reveal the individual names that he owns, Blankfein said that he does still hold a significant amount of his Goldman Sachs stock. But regarding his tech investments, he said that he owns most leading hyperscalers and their "second tier" comeptitors.
While he didn't name specific tech stocks, Blankfein doesn't seem worried about rumblings of a bubble in Big Tech, despite some concern that the AI trade may be due for a correction.
"I'm generally bullish, and by the way, it's been good to be bullish on Big Tech," he added. "I'll stop being bullish on it when it stops going up."
