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" 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. "

Laurence D. Fink

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" 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. "

Laurence D. Fink

" 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? "

Laurence D. Fink

" 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. "

Laurence D. Fink

" I am responsible for managing more schoolteachers' and firemen's money than anybody in the world. That's an enormous responsibility. "

Laurence D. Fink

" 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. "

Laurence D. Fink

" 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. "

Laurence D. Fink

" When you look at dividend returns on equities versus bond yields, to me it's a pretty easy decision to be heavily in equities. "

Laurence D. Fink