10 Goldman executives share the books, speeches, or plays that made them better in 2024

Title: President of Global Affairs and cohead of the Goldman Sachs Global Institute

Recommendation: "The Guns of August" by Barbara Tuchman and "A Peace to End All Peace" by David Fromkin

Why: Earlier in my career, I found that you couldn't truly understand World War I without reading these books. Now, they help me make sense of the world we're living in. Tuchman offers a sobering reminder of how quickly things can fall apart. Many leaders took peace in Europe for granted in 1914, as they did in 2014 and even 2022, with devastating results. Fromkin is especially worth reading this year after the fall of the brutal Assad regime in Syria. That country's borders emerged in large part as a legacy World War I.

"A Peace to End All Peace" details the history behind the headlines, and it remains a key text for anyone trying to understand one of the world's most challenging but amazing regions.

Title: Cohead of Global M&A

Recommendation: "The Confident Mind" by Dr. Nate Zinsser

Why: Dr. Zinsser teaches performance psychology at West Point, working with members of the military who need to perform and excel in high-stress situations.

I found the concepts around preparation and mental positivity to be useful for me personally but also highly valuable in mentoring and developing the next generation of Goldman Sachs leaders as they move into roles where they face performance challenges in high-stress environments.

Most valuable were the very specific and learnable techniques that can be taught to next-generation leaders to build confidence and improve performance.

Title: COO of Global Investment Research

Recommendation: "The Promise of Leadership," readings curated by the Aspen Institute's Finance Leaders Fellowship

Why: A selection of readings curated by the Aspen Institute's Finance Leaders Fellowship as part of the final week-long intensive seminar had the most significant impact on my leadership this year.

There were many aspects of the readings and the seminar that resonated, including a deep discussion on happiness and what makes for a good life: health, wealth, knowledge, friendship, good moral character – all of it? There was also a heart-wrenching reminder of both the courage and the depravity that can exist in the world through stories of survivors of the 1994 Rwandan Genocide, as told by New Yorker writer Paul Gourevitch in the book "We Wish to Inform You That Tomorrow We Will be Killed With Our Families."

From the readings, which included works by Frederick Douglas, Wendell Barry, and Mary Oliver, I took away multiple concepts that I continue to contemplate both as a leader and a citizen of the world and these have guided many of my endeavors and decisions this year. My takeaways included the importance of taking action to create change in big and small ways and enjoying the journey of life itself.

Title: Global Treasurer

Recommendation: Speeches by the Federal Reserve Vice Chair Philip Jefferson

Why: This fall, I really enjoyed two speeches by Vice Chair Philip Jefferson from the Federal Reserve on the history of the discount window since it was initially created in 1913, and how it has provided liquidity to the US banking system and broader economy in different environments.

Despite being someone who has been a student of the banking industry for over 25 years, I learned new points that help me think about our approach to the discount window today. It was a good reminder to not only constantly seek out information but to look at history as a tool for understanding the path in front of you.

I am a firm believer that you can always learn more about your industry and your area of expertise – it is truly endless. The more you can expand your knowledge base, the better you will be at your core function, the more you will be able to connect the dots, and the more effective you will be as a leader. While this example is unique to my work, I think the theme applies more universally.

And, if you are interested in banking, I highly recommend this speech and this speech.

Title: Vice Chairman

Recommendation: "War" by Bob Woodward

Why: I have always been interested in learning about how leaders operate under highly ambiguous and stressful conditions. Whether it is Woodward, William Manchester, or David Halberstam, authors who explore leadership actions in difficult situations that changed the course of history can provide compelling lessons on decision-making under pressure.

Making one decision versus another, having even a slight misunderstanding, or making a seemingly minor miscalculation can cause mistakes that may look innocuous at the time but can have a lasting impact.

Title: COO of Global Banking & Markets

Recommendation: "Trust the Universe," a lecture by Alan Watts

Why: Throughout my career, I have found the philosopher Alan Watts to be particularly inspiring as I think about how to lead different organizations and functions. I regularly revisit his famous lecture "Trust the Universe" on Spotify and recommend it to my colleagues each year. He argues that most people fail to trust the organization they are in and try to control it, which eventually leads to failure.

If you trust the system, as long as you believe in it, then your ability to get the most out of other people to scale and grow your business is greatly enhanced. Through trust and delegated authority, businesses can grow, and organizations can scale. This idea is borrowed from the way the human body operates, and he presents it as a more natural way to create meaningful impact in an organization.

These lessons are both timeless and universal and something I try to integrate into my work every day.

Title: Global Head of Corporate Engagement and Chair of the Urban Investment Group at Goldman Sachs

Recommendation: "Good Bones," a show by the playwright James Ijames

Why: I saw "Good Bones" at the Public Theater — not once, but twice — because it was that compelling. The play explores the complexities of urban renewal projects, asking essential questions like: Who belongs in a neighborhood, and who benefits from its evolution?

The work my team and I lead is centered on creating durable, lasting economic progress, with over $20 billion deployed in community development projects like affordable housing. "Good Bones" was a welcome reminder that as investors, we should never lose sight of the history and the voice of a community — to build long-term trust, and ultimately, to deliver sustainable impact.

When it comes to running a team and leading an organization, the same ideas are at play. Building and managing relationships with honesty and empathy, especially during times of change, creates a foundation of collective resilience, which is essential for the long-term success of an organization.

Title: Global head of Third Party Wealth Management in Goldman Sachs Asset Management

Recommendation: "The Man Who Solves the Market: How Jim Simons Launched the Quant Revolution" by Gregory Zuckerman

Why: One book I read this year that stands out to me is "The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution" by Gregory Zuckerman, a compelling biography of a titan of the hedge fund industry. Jim's story underscores the value of being the very best at what you do by finding a niche in which your skills and perspective can uniquely position you to win.

Producing consistent alpha in investing can be a notoriously difficult undertaking, and the book narrates a masterclass in resilience, painting a picture of Jim's extraordinary successes following early hardships in launching his career.

Two themes that resonated with me as a leader were perseverance in the face of challenges and a lifelong love of learning. In his own immortal words: "work with the smartest people you can, hopefully smarter than you...be persistent, don't give up easily. Be guided by beauty...". The book is a highly engaging read, and I devoured it in one sitting!

Title: President & COO

Recommendation: "Eisenhower: The White House Years" by Jim Newton

Why: I spend a lot of time thinking about risk and how to steer our organization through today's geopolitical crosscurrents, so I went looking for inspiration and found it in Jim Newton's book, "Eisenhower: The White House Years."

Although Newton covers the entirety of Eisenhower's life, he focuses on Ike's two terms as president, which are largely remembered as eight torpid years of peace and prosperity, though, as Newton points out, there was nothing ho-hum about them. Eisenhower inherited not only a hot war on the Korean peninsula, but also a Cold War with the Soviet Union, whose tensions erupted in Iran, Vietnam, Guatemala, Taiwan, Hungary, the Suez Canal, Lebanon, Cuba, the Congo.

It is a sign of Eisenhower's success that those perilous years are now remembered as the days of "Leave It to Beaver," and yet he was still human. He wasn't immediately sympathetic to the cause of civil rights, though when push came to shove during the Little Rock crisis of 1957, he did send in the National Guard to enforce court-ordered desegregation. He also advocated for and oversaw the establishment of the Interstate Highway System, which laid the foundation for years of robust economic growth.

He was a man who wasn't afraid to compromise and who always took the long view. Not a bad example for other leaders to follow.

Title: Global Head of Wealth Management

Recommendation: "Leadership by the Good Book" by David L. Steward

Why: Each year, I keep a list of the books I've read, who recommended them to me, and any takeaways or lessons that I took from the reading. One that stood out this year was "Leadership by the Good Book" by David L. Steward. David gave me the book during his visit to Goldman Sachs this fall as he was the keynote speaker at our inaugural Garland Summit.

While the book suggests biblical lessons appropriate for the business world, the wisdom is non-denominational. David and his coauthor, Brandon Mann, delve into the themes of servant leadership, loving what you do, investing in your people, risking your reputation for what's right, growing through external challenges, and celebrating milestones on the journey. I saw clear parallels to our work in serving clients, risk management, and mentoring our people.

Regardless of one's religious affiliation, the applied learnings are relevant for the business world and the guidance applies to my work at Goldman Sachs.