Barron's: BlackRock's CEO looks into the crystal ball


About a year ago, I had a chance to hear a presentation by Laurence Fink, who is the CEO of BlackRock (NYSE: BLK), which is a mega money manager. Simply put, he was a bit concerned about the markets. With the huge amounts of leverage, he thought that investors weren't getting enough premium for the potential risk.

Yes, it was a good call. And the upshot is that BlackRock has been a stellar performer.

Well, now Fink is more sanguine. In fact, in this week's Barron's [a paid publication], there is an interview with him.

What's his take? First of all, he think investors should dip into equities, such as the big caps that benefit from global growth. Some of his choices include: General Electric (NYSE: GE), Monsanto (NYSE: MON), United Technologies (NYSE: UTX) and Boeing (NYSE: BA).

He also likes high-grade mortgage debt. Basically, the spreads are attractive (and seem to account for the risk levels).

Finally, Fink is bullish on overseas markets, especially commodity-based counties like Brazil.

Tom Taulli is the author of various books, including The Complete M&A Handbook and The Edgar Online Guide to Decoding Financial Statements. He also operates DealProfiles.com.

Reader Comments (Page 1 of 1)

Symbol Lookup
IndexesChangePrice
DJIA-89.2312,801.23
NASDAQ0.002,903.88
S&P 5000.001,342.64

Last updated: February 13, 2012: 09:36 AM

Hot Stocks

General Electric

18.8750.00(0.00)

Alcoa

10.290.00(0.00)

Apple Inc

493.420.00(0.00)

Google Inc 'A'

605.910.00(0.00)

Bank of America

8.070.00(0.00)

Wal-Mart Stores

61.900.00(0.00)

Exxon Mobil Corp

83.800.00(0.00)

Ford

12.440.00(0.00)

Citigroup

32.9250.00(0.00)

IBM

192.420.00(0.00)

Yahoo

16.140.00(0.00)

Starbucks

48.820.00(0.00)

Microsoft

30.4950.00(0.00)

Home Depot

45.330.00(0.00)

DailyFinance Headlines

Benzinga Headlines

TheFlyOnTheWall.com Headlines

BioHealth Investor Headlines

WalletPop Headlines

DailyFinance BlackBerry App

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

BioHealth Investor Headlines

Page Loaded in 1329143776102 ms.