In a recent interview with CNBC, BlackRock CEO Larry Fink shared his firm belief in long-term investing.
He pointed out that whether it is the crypto market or the traditional stock market, the key has never been to predict bubbles or short-term ups and downs, but whether it can survive the entire bull and bear cycle and stay at the table.
Larry used data as an example: Even after the Great Depression and the financial crisis, the long-term annualized return of the US market still exceeded 9%.
He encouraged young people to stop being "short-term traders" and become "asset owners," converting speculative accounts into long-term investment portfolios. Even an extra 0.5% annual profit can increase retirement assets by 15% after 30 years.
