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Sunday, January 19, 2020



BlackRock CEO Larry Fink's full interview on shifting strategy to focus on sustainability 

https://www.cnbc.com/video/2020/01/14/blackrock-ceo-larry-fink-investment-strategy-shift-sustainability.html

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.

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