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Larry Fink’s Annual Chairman’s Letter to Investors
Music plays a big role in my life. As a kid growing up in California, I used to go to the local record shop, buy a piece of vinyl and listen to the album on my record player. I still listen to records, though less often than when I was young. Today, streaming allows me to listen with ease to the whole album of an artist, or just that artist’s greatest hits, or a playlist of my own compilations, or those of other listeners. We have so much choice at our fingertips. Technology has also made financial markets much more affordable and accessible. Forty years ago, buying a stock or bond was a laborious process that ... (full story)