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BlackRock's Fink says our biggest risk isn't China or interest rates: It's us 

May 28, 2015

Andy Serwer, Yahoo

Larry Fink may not be a household name but he’s certainly one of the most powerful men on Wall Street—and in all of American business. He’s also a man steeped in parsing risk, someone who sees around corners to succeed. 

As the co-founder and CEO of BlackRock (BLK), the biggest asset manager on the planet with over $4.6 trillion (that’s with a “T”) of clients' funds under management, Fink must be constantly up to speed on the global financial markets and all their vagaries. It is a remarkably tall and complex order, and over the years it has seemed to make Fink, 62, all that more thoughtful. So it’s perhaps surprising and maybe disheartening to hear that Fink believes the biggest risk we face isn’t rising interest rates or China -- it’s us! (As for stocks, hint: they’re not as good as they used to be.) 

I recently sat down with Fink and he spoke at length about a national emphasis on the short term at the expense of the long term, our failure to work together in Washington and yes, the markets.

Read more: Yahoo!

 
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