Top 10 Quotes & Sayings by Laurence D. Fink

Explore popular quotes and sayings by an American businessman Laurence D. Fink.

Last updated on December 21, 2024.

Laurence Douglas Fink 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 2022, Fink's net worth was estimated at US$1 billion according to Forbes Magazine. He sits on the boards of the Council on Foreign Relations and World Economic Forum.

American - Businessman | Born: November 2, 1952

Source: Wikipedia

I personally have said many times I'd be a hundred percent in equities. That fits my risk profile and my views of the world, though obviously it's not appropriate for everyone. Most investors need a more diversified portfolio.

Laurence D. Fink

One of the key elements of human behavior is, humans have a greater fear of loss than enjoyment of success. All the academic studies will show you that the fear of loss of capital is far greater than the enjoyment of gains.

Laurence D. Fink

Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan?

Laurence D. Fink

To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that can be levered, not a curse. They must understand that there's a cost to sitting in cash. No one talks about that cost.

Laurence D. Fink

When you look at dividend returns on equities versus bond yields, to me it's a pretty easy decision to be heavily in equities.

Laurence D. Fink

I am pleased to be part of Promontory's steady efforts to assist banks and other financial firms in meeting legal and regulatory obligations and challenges.

Laurence D. Fink

I like multinational companies. They may have 40 to 60 percent of their engines of growth in the United States, but I do like the diversification of being more global.

Laurence D. Fink

What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.

Laurence D. Fink

I am responsible for managing more schoolteachers' and firemen's money than anybody in the world. That's an enormous responsibility.

Laurence D. Fink

When you look at dividend returns on equities versus bond yields, to me its a pretty easy decision to be heavily in equities.

Laurence D. Fink