From $100M Loss to Building BlackRock
Larry Fink — Chairman and CEO, BlackRock
Question
What investing principles helped build the world's largest asset manager?
Answer
Larry Fink shares lessons on risk management, optimism, innovation and long-term investing that guided BlackRock's growth.
Explanation
In this episode of Icons and Ideas, Peter Mallouk talks with BlackRock CEO Larry Fink about leadership, investing, Bitcoin, AI and building a global financial institution.
What You'll Learn
- How a $100 million loss became the foundation for building BlackRock
- Why owning assets instead of simply saving money creates long-term wealth
- Larry Fink's outlook on Bitcoin, AI and the future of investing
- Leadership lessons on risk management, resilience and building great teams
Timestamps
Key Takeaways
- Failure can become the foundation for long-term success when you learn from it.
- Wealth is built by owning productive assets, not simply by saving money.
- Great leadership starts with disciplined risk management and strong teams.
- Long-term optimism has consistently outperformed short-term fear.
Transcript
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt.
Full transcript for this episode is coming soon.
Disclosure
Investing in stock markets involves the risk of loss. Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Creative Planning is engaged, or continues to be engaged, to provide investment advisory services. For additional disclosures, visit https://creativeplanning.com/important-disclosure-information/.
Who's in this episode
Larry Fink
Chairman and CEO, BlackRock
Larry Fink is Chairman and Chief Executive Officer of BlackRock. He and seven partners founded BlackRock in 1988, and under his leadership the firm has grown into a global leader in investment and technology solutions. BlackRock's mission is to help its clients build better financial futures, and the firm is trusted to manage more money than any other investment company in the world. Prior to founding BlackRock in 1988, Mr. Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation. He serves as Co-Chair of the Board of Trustees of the World Economic Forum and Co-Chair of NYU Langone Medical Center. He also serves on the boards of the Museum of Modern Art and the Aspen Institute and on the Advisory Board of the Tsinghua University School of Economics and Management in Beijing, as well as the Executive Committee of the Partnership for New York City. Mr. Fink earned an MBA from the University of California, Los Angeles, (UCLA) in 1976 and a BA from UCLA in 1974.
Peter Mallouk
President & CEO, Creative Planning
Peter Mallouk is the President and CEO of Creative Planning, one of the largest independent wealth management firms in the country. He hosts Icons and Ideas, candid conversations with the world's leading entrepreneurs, founders and changemakers.
Related episodes
Ep · 18
Former Psychologist for the Navy SEALs Dr. Eric Potterat: How Elite Performers Train Their Minds
Dr. Eric Potterat · Former Psychologist for the Navy SEALs
Ep · 17
70th Secretary of State Mike Pompeo: Iran, China, NATO and U.S. Foreign Policy
Mike Pompeo · 70th Secretary of State
Ep · 16
Dimensional Founder David Booth: Investing, Market Uncertainty and True Wealth
David Booth · Dimensional Founder
