Laurence D. Fink Quotes

Author Image

Laurence D. Fink

Profession : Businessman

Birth : November 2, 1952

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

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 it's a pretty easy decision to be heavily in equities.

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

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

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

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 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