Lloyd Blankfein, former CEO of Goldman Sachs Group, said we should be wary of unsold private equity assets that continue to accumulate on investors' balance sheets. Some of these assets may be overvalued, and one trigger may cause widespread asset depreciation. “At some point, there must be an external force or a moment of liquidation, and you have to disregard how much your balance sheet is actually worth,” Blankfein said in an interview with the media. Blankfein warned in his memoir “Streetwise: Getting to and Through Goldman Sachs” published this month that the longer it has passed since the previous crisis, the more likely a large-scale lightning explosion will occur. “I like to use the flammable material that keeps piling up on the forest floor. There will always be a Mars,” Blankfein said. “However, the longer it takes for Mars to ignite, the more flammable matter will accumulate.”

Lloyd Blankfein, former CEO of Goldman Sachs Group, said we should be wary of unsold private equity assets that continue to accumulate on investors' balance sheets. Some of these assets may be overvalued, and one trigger may cause widespread asset depreciation. “At some point, there must be an external force or a moment of liquidation, and you have to disregard how much your balance sheet is actually worth,” Blankfein said in an interview with the media. Blankfein warned in his memoir “Streetwise: Getting to and Through Goldman Sachs” published this month that the longer it has passed since the previous crisis, the more likely a large-scale lightning explosion will occur. “I like to use the flammable material that keeps piling up on the forest floor. There will always be a Mars,” Blankfein said. “However, the longer it takes for Mars to ignite, the more flammable matter will accumulate.”