Lloyd Blankfein Sees Geopolitical Risk Amid ‘an Anxious Market’

Welcome to the Wall Street Week newsletter, bringing you stories of capitalism about things you need to know, but even more things you need to think about. I’m David Westin, and this week Lloyd Blankfein told us about his historic tenure at Goldman Sachs, and we learned why this is a golden age for construction. If you’re not yet a subscriber, sign up here for this newsletter.

Lloyd Blankfein spent his career climbing the ranks at Goldman Sachs to wind up its CEO. He wrote about his experiences in a new book, Streetwise: Getting to and through Goldman Sachs. At its core, it’s a story about risk management. With the US-Israeli attack on Iran, there’s a whole new set of risks for investors to face, but Blankfein’s initial take is measured: “My base case is that it should be reflected in the markets for a while, but not forever, and maybe not even for that long.”