Larry Fink - BlackRock

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Last quote by Larry Fink

Bitcoin just shows you how much demand for money laundering there is in the world. That's all it is.feedback
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Oct 13 2017 Bitcoin
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Larry Fink is associated, including U.S. and U.K.. Most recently, Larry Fink has been quoted saying: “If there is a major event, which I don't forsee anything, but if there is one, we could have a big correction.” in the article Blackrock's Fink warns global surprise could drive major market correction.
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Larry Fink quotes

Oct 03 2017

What is being proposed is a pretty large expansion of our deficits. I don't believe we're going to get tax reform if there is the elimination of deductibility of state and local taxes.feedback

Sep 30 2017

As the company grows and the profit increases they will earn a share of the profit. A good example is the Pioneer transaction. All the key people are on board. Why? Frankly because they love the project.feedback

Sep 30 2017

When I compare to our competitors the level of remuneration is a lower percentage of profit. That doesn't mean we don't pay our people. And I always say remuneration is not the only driver. The chance to be part of the project is also a factor.feedback

Sep 20 2017

The reality is in the world more than 50 percent of household wealth is managed by women. And so if I'm going to be a mirror of my clients, we are going to need more women in our firm.feedback

Sep 12 2017

We regularly review, with the Board, leadership and succession planning for all of our businesses and seek to ensure we are developing leaders with broad experience across the entire firm.feedback

Aug 16 2017 - Trump Presidency

I would urge that the forum disband itself and if it doesn't disband, I'm stepping down.feedback

Jul 17 2017

We believe the environment for ETFs is continuing to evolve. We believe it's continuing to grow, and much of it also has to do with ecosystem innovation.feedback

Jul 17 2017

We're seeing more utilization across the board in more products. We have much more opportunities for ETFs to grow not just in equities but in fixed income. I believe this is just the beginning.feedback

Jul 17 2017

There's still some dark clouds in the United States.feedback

Jul 17 2017

Growth was balanced among iShares Core funds, precision exposures and financial instruments, demonstrating that ETFs are no longer used only as passive allocations, but increasingly by active investors to generate alpha in their portfolios.feedback

Jul 17 2017

While significant cash remains on the sidelines, investors have begun to put more of their assets to work. I have never seen more opportunity than I do today for BlackRock to help investors achieve their financial goals. As we look to provide increased value both for clients and shareholders, we will continue to strategically invest for enhanced growth going forward.feedback

Jun 22 2017

What do you think sort of about having a family name with "black" in it.feedback

May 24 2017

I've been running the company not quite 25 years. I still spend an hour a day studying the world and the markets. And if it's not an hour, it's an hour and a half. ... I'm still a student.feedback

May 24 2017

If we did that, some members of our leadership team would not be growing as fast as they're growing. The beauty of what we have now is seven or eight people who are fully in the mix.feedback

May 24 2017

There is no force more dramatic today than technology and its potential to transform the asset-management industry. Clients know the outcomes they want, and it is our job to help them get there. Passion comes from focusing on our responsibility to our clients – the teachers, firefighters, students and retirees who entrust us with their pensions and retirement savings. What's the greatest predictor of business success? Not intelligence or talent – but passion.feedback

Apr 21 2017

There's still uncertainty. There are significant issues related to tax reform, infrastructure spending, and so we need to see how this all evolves.feedback

Apr 19 2017

I believe you're going to see a consolidation in our industry. Asset managers historically benefited - in most cases, they benefited - from rising beta so you didn't have this need for consolidation.feedback

Apr 19 2017

We are reorienting some of the humans' jobs in terms of doing more data science and data analysis. We'll have the same amount of employees in our equity division a year from now that we do today.feedback

Apr 19 2017

BlackRock's first quarter results reflect the strategic decisions we have made to complement our investment capabilities with industry-leading technology. Alpha generation, risk management and technology have always been the cornerstone of BlackRock. As the world becomes increasingly complex and interconnected, technology is becoming even more essential to clients, transforming the way both institutions and wealth managers construct portfolios, manage asset allocation, understand risk and engage and connect with clients.feedback

Apr 18 2017

Around 2000 I met a young man, James Diener, who was working at Columbia Records. [Diener] showed me a business plan for an independent record label and introduced me to his two partners. It reminded me of BlackRock – young, talented people who wanted to start their own thing. We worked with them and changed their name to Maroon 5. ... We were the label Maroon 5 used for, I think, their first five albums.feedback

Apr 10 2017

Fixing crumbling roads and bridges is not enough. We need to be focused on reshaping our world, not just repairing it.feedback

Apr 10 2017

His art was interesting as phenomena, but not terribly deep.feedback

Apr 06 2017

I do believe low rates hurt savers worldwide. Retirement and the fear of retirement is the greatest problem we have in this country. People don't really like savings. They like to consume. You see that in the job market. Since the financial crisis, the component where the most jobs have been created for is men and women over 50 because they have to work longer because they don't have the nest egg that they need to live retirement in dignity.feedback

Apr 06 2017

You have high confidence in America, but you're not seeing that translated into sales. We're seeing car sales slow down. We're seeing a beginning of some factory orders slowing down. We're not seeing that ramp up that everybody was expecting. It's not happening. A lot of it is the uncertainty in Washington.feedback

Apr 06 2017

If we don't have tax reform that we're expecting, if we don't see true deregulation, I think the markets would have some setbacks. You're seeing a slowing down of our economy into the first quarter, we're going to grow probably less than 1.5 percent. Much of it is people are just waiting to see … what's going to happen with tax reform and deregulation.feedback

Apr 06 2017 - Immigration

There are weaknesses in this economy that are surprising people. He predicts first-quarter economic growth below 1.5 percent. There's [also] a drop of 20 to 40 percent of foreign applications to our universities.feedback

Apr 06 2017

If you believe it will be longer for these [policies] to transpire – and we have an economy that's slowing because of uncertainty – then I would say the U.S. equity markets are probably higher than they should be.feedback

Apr 06 2017 - North Korea

I think obviously North Korea will be a major component of the conversations, but let's be clear: China's relationship with North Korea at this moment is the worst it's ever been.feedback

Apr 06 2017

Politics is impacting on the business world like never before so I can completely understand why BlackRock would want a politician who knows economics. What I cannot understand is why George Osborne thinks he can straddle politics, the media and finance at the same time. How can he separate information and tittle-tattle gained in one role from his duties in another role? It's just not feasible.feedback

Apr 06 2017

George has a unique and invaluable perspective on the issues that are shaping our world today. At the centre of our mission is helping people around the world save and invest for retirement, and George's insights will help our clients achieve their goals.feedback

Apr 05 2017 - Cisco

At BlackRock, technology is rapidly transforming how we invest, measure risk, distribute our products, and run our operations.feedback

Mar 10 2017

At the centre of our mission is helping people around the world save and invest for retirement, and George's insights will help our clients achieve their goals.feedback

Feb 08 2017

I see a lot of dark shadows. The markets are probably ahead of themselves. We're living in a bipolar world right now. In my conversations with CEOs in Europe and CEOs in the United States they may be very bullish about what may come but most business people are not investing today.feedback

Jan 24 2017

These clients, the vast majority of whom are investing for long-term goals like retirement or a child's education, are the true owners of these companies. As a fiduciary, I write on their behalf to advocate governance practices that BlackRock believes will maximize long-term value creation for their investments. At the root of many of these changes is a growing backlash against the impact globalization and technological change are having on many workers and communities.feedback

Jan 24 2017

I remain a firm believer that the overall benefits of globalization have been significant and that global companies play a leading role in driving growth and prosperity for all. On top of uneven wage growth, technology is transforming the labor market, eliminating millions of jobs for lower-skilled workers even as it creates new opportunities for highly educated ones.feedback

Jan 24 2017

As BlackRock engages with your company this year, we will be looking to see how your strategic framework reflects and recognizes the impact of the past year's changes in the global environment.feedback

Jan 24 2017

If tax reform also includes some form of reduced taxation for repatriation of cash trapped overseas, BlackRock will be looking to companies' strategic frameworks for an explanation of whether they will bring cash back to the U.S. and if so, how they plan to use it. Will it be used simply for more share buybacks? Or is it a part of a capital plan that appropriately balances returning capital to shareholders with prudently investing for future growth?feedback

Jan 24 2017

Businesses will need to increase the earnings potential of the workers who drive returns, helping the employee who once operated a machine learn to program it.feedback

Jan 20 2017

I've always believed you should be nice to your lenders!feedback

Jan 20 2017 - Federal Reserve

I do believe there will be a great deal of tension between the President-elect and the Federal Reserve on these issues. We should all be aware we are going to live in a world right now of a stronger dollar.feedback

Jan 20 2017

If we are going to raise our deficits and not completely offset that by other tax revenues, quite frankly, that puts even more pressure on our dollar and in those circumstances, that's a very hard thing to navigate, much harder for any central banker to stop that trend.feedback

Jan 20 2017

Some of the policies that are being proposed are policies that would further strengthen the U.S. dollar.feedback

Jan 20 2017

George has a unique and invaluable perspective on the issues that are shaping our world today.feedback

Jan 20 2017 - World Economic Forum

We all should be aware right now that we are going to be living in a world of a strong dollar.feedback

Jan 13 2017

I don't believe the concept that repatriation is going to stimulate our economy - I've never believed in that.feedback

Jan 13 2017

The market has rallied quite considerably. We have high expectations with ... [the] Trump administration [on] tax policy or infrastructure. It always take longer. If the rollout of some of these growth initiative programs by President-elect Trump are slower, if they are less ambitious, then I think the market is ahead of itself.feedback

Jan 13 2017

Within the U.S. alone, markets are anticipating up to $1 trillion of domestic infrastructure investments over the next few years. We all know we desperately need those investments.feedback

Jan 13 2017

Not just in the U.S. but globally we've built a large presence in infrastructure. We're very excited about our team.feedback

Oct 18 2016

The whole industry is feeling that.feedback

Oct 18 2016

Even in these hostile headwinds that we see as an industry, I think we will benefit over the long run.feedback

Oct 18 2016

Most people have panicked over time. They overinvest in bonds, overinvest in cash, [and] underinvest in equities.feedback

Oct 18 2016

Statistically now, if you're 60 and in good health you're going to live to 90.feedback

Oct 18 2016

Our $55 billion of long-term net inflows were positive across both active and index strategies, and positive across every asset class and region.feedback

Oct 18 2016

In the third quarter, even as investor preferences continued to migrate from equity to fixed income and cash, and away from active strategies, the diversity of our platform drove nearly $70 billion of total net inflows.feedback

Oct 18 2016

The whole industry is facing what I would call turmoil. It's really tough for our clients.feedback

Jul 14 2016

Since Brexit, we've seen ETF flows almost at record levels. However, in the mutual fund area, we're continuing to see outflows.feedback

Jul 14 2016

Our policies have not changed in years - we've been as consistent as anybody. Where we have excess capital, we redistribute that back.feedback

Jul 14 2016

Our whole focus is in investing in our future. The stock repurchase component of that is a remainder. As we've gotten larger as an organization we have increased our stock repurchases.feedback

Jul 14 2016

I would not be surprised – I'm not predicting it – if somebody told me the 10-year Treasury is at 75 basis points, I would not be surprised. At some point, we are going to see the end of the 30- [or] 40-year bull cycle in [bond prices].feedback

Jul 14 2016

I don't think we have enough evidence to justify these levels in the equity market at this moment.feedback

Jul 14 2016

Equity markets have rebounded a lot. We have a lot of wind at our back today.feedback

Jun 20 2016

The U.K. has to begin a major fiscal policy expansion, especially in infrastructure.feedback

Jun 20 2016

If the U.K. votes to stay, I do believe there has to be policy responses.feedback

Apr 14 2016

We did have a tough quarter.feedback

Apr 14 2016

The Street was anticipating higher performance fees. That's where the miss was.feedback

Apr 14 2016

I believe that after we who know the Republican candidate is and who the Democratic candidate is, you're going to hear great commentary about fiscal reform.feedback

Mar 11 2016

China does represent maybe more global risk than anything in the world today.feedback

Jan 15 2016

One other thing that was a huge difference between our 2014 and 2015 year was our tax rate; our tax rate was up 5 points. When you have a mix of business worldwide and your business is depreciated because of rising dollar your mix actually shifts more to the U.S. and your tax rate goes up.feedback

Oct 31 2013

We have the most resilient capital markets in the world, the most robust banking in the loan market and were quickest to resolve the banking crisis.feedback

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