Larry Fink, Chairman and CEO of BlackRock, has said in an interview with the Wall Street Journal that financial markets are too focused on short-term market movements, and predicts the next crisis will be the lack of retirement savings. According to Fink, the risk that markets will face in the future is not the regulatory risk which we are fixating on today but rather the lack of savings for the men and women who are approaching retirement. Investors are too focused on short-terminism says Fink - spending too much time on active investing rather than making long-term investment decisions. On a different note, Fink also notes that investors need restored confidence in the markets in order to support a rally in global equities post-GFC. To watch the full interview: (VIEW LINK)
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