Money
Former Goldman CEO Had Only Eleven Dollars After Freshman Year Expenses at Harvard
My First Million
How the Ex-Goldman CEO actually invests his own money
What was said
"I bought a sweater to put over a tennis shirt. And then after I bought, and, and, and at one point I had, I remember this, I had $11 left over. This would've been like 1971 or 2. I was on financial aid, like full financial aid, but full financial aid doesn't cover, you know, going to movies or things like that."
Lloyd Blankfein revealed that after buying books and a single sweater at Harvard in 1971-72, he was left with only $11 for discretionary spending. He visited the financial aid office requesting $500 additional support and was immediately given a check without scrutiny, an act of institutional generosity he credits with shaping his decades of philanthropic giving focused on financial aid. The experience of receiving aid with dignity, rather than shame, became a template for his approach to giving.
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Attributed speaker claim
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- Programme
- My First Million
- Episode
- How the Ex-Goldman CEO actually invests his own money
- Clip time
- 32:36
- Original source
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From this episode
My First Million