economy
BlackRock’s Larry Fink warns against market timing, says missing best days can halve returns
BlackRock CEO Larry Fink said staying invested through periods of turmoil has historically delivered far stronger returns.
TL;DR
- BlackRock CEO Larry Fink advises investors against market timing.
- Staying invested through periods of turmoil historically delivers stronger returns.
- Missing the 10 best S&P 500 days over the last two decades could reduce returns by more than half.
- Global capitalism is fracturing, with countries investing heavily in self-reliance.
- Artificial intelligence may amplify inequality by enriching asset owners.
- AI-related companies have driven recent equity market gains, concentrating returns among a few firms.