Asset Management

BlackRock’s Larry Fink: ‘I see more fear than anytime in my business career’

BlackRock boss urges more hope in a turbulent world to stop markets dropping

'What’s going on in China is a great example of fear,' asset management veteran tells conference
'What’s going on in China is a great example of fear,' asset management veteran tells conference Photo: Krisztian Bocsi/Getty Images

That was BlackRock’s chair and chief executive Larry Fink at the Berlin Global Dialogue 2023 conference on 29 September, saying while he is an optimist, there’s a dire shortage of optimism in the world.

“We have big changes in labour, we have higher wages, companies adapt, business adapt,” he said, but added that a lack of “hope” is the biggest problem facing the world right now.

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