Larry Fink on stakeholder capitalism

Stakeholder capitalism is not about politics.  It is not a social or ideological agenda.  It is not ‘woke.’  It is capitalism, driven by mutually beneficial relationships between you and the employees, customers, suppliers, and communities your company relies on to prosper.

~ Larry Fink, 2021 BlackRock shareholder letter, "No need to be ‘woke,’ but BlackRock’s Fink says CEOs need to address societal issues," MarketWatch.com, January 18, 2022

Larry Fink: fiscal and monetary stimulus provide a "great foundation" for markets (2020)

With central banks' behaviors being very accommodative, with I believe, another very large round of fiscal stimulus in the United States and Europe... these are the great foundational reasons why markets have more upside than downside.

~ Larry Fink, "BlackRock CEO Fink says markets have more upside than downside," Reuters, October 13, 2020

Larry Fink on monetary stimulus and inflation

I do believe some inflation would be really good at this time.

~ Larry Fink, CNBC interview with Beck Quick and Andrew Ross Sorkin, 18:00 mark, April 16, 2020

Larry Fink on fiscal and monetary stimulus in response to the coronavirus

We are triaging a sick economy.  We're doing everything we can to stabilize this economy, to make it healthy again.  And in doing so, yes, we are accumulating large amounts of debt.  To me it's like in an operating room.  You're doing everything you can to keep the patient strong.  And I think that's what our government is doing and I applaud our government for all the actions they're doing.

~ Larry Fink, CNBC interview with Beck Quick and Andrew Ross Sorkin, 18:00 mark, April 16, 2020

Larry Fink: "The stock market is trading on fundamentals"

The stock market is trading on fundamentals. You’ve had rising earnings. Whether it’s top line or bottom line, you are seeing better earnings across the board.

~ Larry Fink, BlackRock CEO, CNBC interview, June 19, 2014

Larry Fink: Investors need to take more equity risk in order to meet retirement needs

We’re not going to change human behavior, but we need to find ways to influence it. Investors don’t take a long-term view. They are too concerned about all the noise out there, all the ups and downs in the markets.  That noise – and the concern people have about outliving their savings – are ironically driving investors to investments they perceive to be safer, like traditional bonds.  But they should do just the opposite, taking advantage of their longer investment horizon to keep their money working for them.

[Pension plans and individuals have long used traditional government bonds to help fund retirement obligations.]  That worked for 30 years of falling inflation and interest rates and eight percent returns on Treasuries. But it doesn’t work today when the 10-year Treasury yields less than two percent. And the very real risk is that people over-allocating to traditional bond funds are going to lose money when interest rates rise.  The old rules of investing – 60 percent equities, 40 percent fixed income and an increasing share of fixed income the closer you got to retirement – won’t work today.

~ Laurence Fink, CEO of BlackRock with $3.936 trillion under management as of March 31, "BlackRock CEO Declares Longevity 'Defining Challenge of Our Age'," Business Wire, May 7, 2013

Larry Fink on the Australian model of compulsory retirement accounts

Superannuation has been a huge success in supplementing the government pension scheme and taking the strain off it - an attractive prospect as we think about how to relieve the burden on Social Security in this country.  The current system is broken, and we need a comprehensive solution to retirement savings that includes some form of mandatory retirement savings.

~ Larry Fink, CEO of BlackRock, asset manager with nearly $4 trillion under management, from a lecture given to business school students at New York University in May, "Retirement Saving Done Right," Bloomberg BusinessWeek, June 3, 2013