To say Lloyd Blankfein, who retired as Goldman Sachs' CEO in 2018, is enjoying retirement, would be an understatement. His "gap year" after retirement has turned into three. "Somehow, I’m not scheduled, I don’t set my clock most mornings," he told Bloomberg in an interview.
He's spending time on philanthropy, staying fit by swimming and yes, day trading. Lloyd Blankfein is worth ~$1.3 billion and by his own admission he trades "a lot" – multiple times a day, buying and selling stocks and commodities, and occasionally currencies. "Those are habits that don’t die easily, and I’m not sure I want them to, it’s fun."
He's not trading crypto yet though. He's grouped himself with the "old fogies" waiting for regulation before he decides to invest. He does admit: "This may be one of the thousand things that I never in a million years thought would work, and it may work."
He wryly describes his performance as a day trader as "brilliant," crediting winning bets on the so-called new economy -- companies using innovation to disrupt old business models -- and to monetary policies that lifted all boats.
"Everybody who started in the markets at the beginning of '19 is a genius."
Short Squeez Takeaway: Blankfein is living out every finance bro's dream. He is running on no schedule, spending his days flocking between the Hamptons & Miami Beach and just ripping trades. He is definitely they guy they tell you not to worry about, pls stay safe out there.