BlackRock CEO: The biggest mistake in investing is just wanting to make quick money

BlackRock CEO Larry Fink emphasizes the importance of long-term investing over seeking quick profits. He argues that success in markets, whether crypto or traditional stocks, depends on surviving full bull and bear cycles, not predicting short-term moves. Fink cites that despite major downturns, the U.S. market has delivered over 9% annualized long-term returns. He advises young investors to shift from short-term trading to owning assets, noting that even a slight increase in annual returns can significantly boost retirement savings over decades.

Summary

In a recent interview with CNBC, BlackRock CEO Larry Fink shared his firm belief in long-term investing.

He pointed out that whether it is the crypto market or the traditional stock market, the key has never been to predict bubbles or short-term ups and downs, but whether it can survive the entire bull and bear cycle and stay at the table.

Larry used data as an example: Even after the Great Depression and the financial crisis, the long-term annualized return of the US market still exceeded 9%.

He encouraged young people to stop being "short-term traders" and become "asset owners," converting speculative accounts into long-term investment portfolios. Even an extra 0.5% annual profit can increase retirement assets by 15% after 30 years.

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Author: PA影音

This content is for market information only and is not investment advice.

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