Sunday 28 October 2012

46. Larry Fink is also worried about the fiscal cliff

At a conference organized by the Economist, the British magazine you should read, Larry Fink said that the fiscal cliff is the biggest problem facing the newly elected president.

Who is Larry Fink? You can read about him in this Vanity Fair article It is long so here is a synopsis. In 1988 he founded an asset management company which is now the largest in the world, managing almost 4 trillion dollars, around 5% of all managed funds.

But, according to Wikipedia, he is not a banker: "Larry Fink flies on commercial airlines.[..] Likewise, according to an interviewer, he takes the train rather than a private jet when he spends time at his 26-acre country estate in North Salem, New York."

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