BlackRock CEO Larry Fink's full interview on shifting strategy to focus on sustainability
An excellent interview with Larry Fink. Some are linking BlackRock's shift towards sustainability with Tesla's skyrocketing stock price - some big actors with news of BlackRock's adjusted motivations may be gobbling up Tesla shares in anticipation of some huge upcoming investment by the firm.
There's a shorter video with excerpts from the interview and some chatter from the silly talking heads at CNBC, here:
I found the older CNBC commentator's behavior shocking. He wants "adults to stay in charge as long as they possibly can"... this in response to the manager of a 7 trillion dollar fund shifting his outlook to favor environmentally-sustainable businesses. The commentator pejoratively groups anyone who takes the climate crisis seriously with millennial investors. This is the kind of stupid old money shorting disruptive innovators like Tesla.