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Goldman Sachs CEO Lloyd Blankfein was just as clueless about his career in his 20s as everyone else

Published by Business Insider on Mon, 15 Aug 2016


Goldman Sachs CEO Lloyd Blankfein is among the most successful people in finance.At 61, he's been the chief executive and chairman of aglobal investment bank for 10 years. He hit billionaire status in 2015.But Blankfein didn't always know that he was destined for greatness. He spoke about hisearly careerin a town hall meetingwith interns last week:"If you had asked me, did I have everything nailed down and wired about what I wanted to do, and was I following some real plan' No," Blankfeinsaid."In fact, by the time I was in my mid-20s or even late-20s, and I was still in the law firm, I really was starting to get a little nervous that I didnt know what I was going to do. My hands were starting to get a little sweaty about it."Blankfein, who grew up in Brooklyn and went to Harvard Law School, practiced law for about five years before moving to the commodities trading firmJ. Aron & Co as a precious metals salesman. That firm was bought by Goldman Sachs shortly after he joined.Blankfein described the anxiety hefelt in his late-20s."Whatever Idecided told do, I would want to be good at it. But in order to be good at it you have to start, and I hadn't started," he said. "Now people feel like that when they're 16."He said people get nervous and start "marking themselves to market" versus their friends or people in the media at a young age. But the type ofpeople who seem pegged for greatness from childhood are not necessarily the ones who succeed.He said he was not like that. Instead, he said, he always toldhimself: "All you can do is the best you can do."SEE ALSO:An MBA isn't as important as you might think for building a career on Wall StreetJoin the conversation about this storyNOW WATCH: There's a glaring security problem with those new credit card chips
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