economy
Goldman Sachs' Lloyd Blankfein warns Iran war fallout 'is going to last' even if 'there's a resolution tomorrow'
Goldman Sachs' Lloyd Blankfein urged investors to prioritize contingency planning as Iran war rattles markets.
TL;DR
- The damage from the Iran war is expected to last, even if a resolution occurs soon.
- Market complacency regarding the conflict is dangerous, as is assuming it will never be resolved.
- Strikes on Iran have escalated into a regional war, disrupting energy infrastructure and the Strait of Hormuz.
- Investors should focus on contingency planning and be cautious due to market volatility.
- Questions remain about the accuracy of valuations in private market funds.
- A 'reckoning' is due for private markets, and the longer it's delayed, the worse it could be.