Larry Fink
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Laurence Douglas Fink (born November 2, 1952) is an American billionaire businessman. He is the chairman and CEO of BlackRock, an American multinational investment management corporation. BlackRock is the largest money-management firm in the world with more than US$10 trillion in assets under management, giving the firm enormous power over the global financial system. In April 2018, Fink's net worth was estimated at US$1 billion. He sits on the boards of the influential Council on Foreign Relations and World Economic Forum.
Quotes
- "If we believe we can stop using coal today, we’re fooling ourselves … The answer is not to think that we can just run away from coal worldwide. … We could do all that we are potentially able to do, and even that will not be enough, because so many other parts of the world are just adding more and more carbon to our air … We need to be fair and just. We need to be open-minded."*
- "Being an optimist, especially in financial markets, have proven to be a good outcome. Being a pessimist out of any one periodic time, you may have good success, but over the long run, I believe in capitalism, that in the long run, it's the best economic model in the world."
- "If you look over the course of my career, how the US has improved and other countries have improved, being an optimist, especially in financial markets, have proven to be a good outcome."
- Dear CEO,
Each year I make it a priority to write to you on behalf of BlackRock’s clients, who are shareholders in your company. The majority of our clients are investing to finance retirement. Their time horizons can span decades.
- Without a sense of purpose, no company, either public or private, can achieve its full potential. [citation needed]