Fink behaves as if BlackRock isn't merely a corporation but the supreme authority

3 months ago
16

"Both candidates have, in many cases, very similar views on making the U.S. even stronger. Both candidates and their interpretation of how that may happen may differ. Our job is to work with any political position. Our job is to be working with the U.S. government like we're here in Germany. We're working with the German government. There's going to be election here next year, too. Our job is to be working with societies and building a platform together. And so we're not trying to make any judgments....I don't think the U.S. is going to be pivoting that much depending on one outcome. We're not focusing on the day-to-day movements of markets. We're focusing on is the U.S. an exceptional place to invest for five years, 10 years, 20 years. That's what we're focusing on. Yes, there may be moments where you could have a 10% or even a 15% or 20% down draft. Does that represent a major shift or does that represent an opportunity? And so you have to look at it that way. In most cases over the last 30 years, anytime you had a 10% or 20% down draft, you wanted to be there standing by and buying. And those who ran away over a 20-year horizon have lost a lot of possible return."

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