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Ken Moelis, Abby Joseph Cohen and Sam Bankman-Fried 

Ken Moelis, Abby Joseph Cohen and Sam Bankman-Fried 

Photographer: Getty Images (1); Bloomberg (2)

The Big Take

A Goldman Legend, Crypto Star and Top Banker Warn of Next Big Risk

Abby Joseph Cohen, Sam Bankman-Fried and Ken Moelis share their views on the end of globalization, the pandemic and the fading American dream.

In a year in which Russia’s invasion of Ukraine is sending shock waves through global politics and markets, inflation is soaring worldwide and supply chains are unraveling, the largest investors are assessing the long-term consequences of the events they didn’t see coming.

We asked three market visionaries about the next big risk in the coming five to 10 years: Abby Joseph Cohen, the former Goldman Sachs Group Inc. strategist known for bold market calls who now teaches at Columbia University; FTX Chief Executive Officer Sam Bankman-Fried, who’s boosting his charitable and political giving while his cryptocurrency exchange is becoming a lender of last resort in his industry; and Ken Moelis, the billionaire whose investment bank advises some of the world’s largest companies.