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All Quotes by author - Laurence D. Fink
" I am pleased to be part of Promontory's steady efforts to assist banks and other financial firms in meeting legal and regulatory obligations and challenges. "
I Am
Financial
Challenges
" I am responsible for managing more schoolteachers' and firemen's money than anybody in the world. That's an enormous responsibility. "
World
Responsibility
More
" I like multinational companies. They may have 40 to 60 percent of their engines of growth in the United States, but I do like the diversification of being more global. "
May
United States
Growth
" I personally have said many times I'd be a hundred percent in equities. That fits my risk profile and my views of the world, though obviously it's not appropriate for everyone. Most investors need a more diversified portfolio. "
World
Everyone
More
" One of the key elements of human behavior is, humans have a greater fear of loss than enjoyment of success. All the academic studies will show you that the fear of loss of capital is far greater than the enjoyment of gains. "
You
Fear
Key
" Social Security is an insurance policy. It's a terrible investment vehicle. Social Security has some great benefits. But it was never meant to be a savings plan. So we need to have a national debate. Should this 12.5 percent that we're contributing all go into a Social Security pool, or should half go into a mandatory savings plan? "
Great
Insurance
Debate
" To finance longer life spans, we must convince individuals to start investing now for the long term. But longevity should be an asset that can be levered, not a curse. They must understand that there's a cost to sitting in cash. No one talks about that cost. "
Start
Sitting
Finance
" What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast. "
Making Money
Money
Business
" When you look at dividend returns on equities versus bond yields, to me it's a pretty easy decision to be heavily in equities. "
Look
Easy
Decision
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