Larry Fink, Chairman & CEO of BlackRock, sits down with Mark Machin to offer his insight on long-term value and differentiated data.
ValueWalk's Raul Panganiban interviews William Burckart, The Investment Integration Project’s President and COO, and discuss his recent book that he co-authored, “21st Century Investing: Redirecting Financial Strategies to Drive System Change”. Q1 2021 hedge fund letters, conferences and more The following is a computer generated transcript and may contain some errors.
A Conversation With Larry Fink On Long-Term Value And Differentiated Data
Larry thank you very much for coming in doing this little one on one discussion with me and I'll kick off by saying just a really really broad question. You know the world markets now a really interesting state. Those you know there's an event or multiple events every day as you look out. You know you know we're super long term investors. As you look out you look at the State of the world today. Where do you see value. Where do you see our markets.
Thank you for taking time to say it's it's really great to be here you guys. What you guys do is a model for for.
Long term investing so I'm a long term believer in the world improving. I actually believe the market volatility that you've discussed Mark. Is more normal than what we saw last year. Last year was the anomaly more than this year. What I worry about are things that we don't talk about. And. What represent value today. Is obviously. Directly correlated to where the markets will be in the future. And for us for an organization that has a 40 year liability. Where you may see value can be very different and an organization that sees. That as a five year liability. Traditional research. Company is entirely democratized. There's nothing we don't know that we can't get. A death top. WraggeF.D. People don't want to talk about it. But it truly change. Equity investor.
People did get different differentiated insight in a conversation. I believe we have to source different information. And now with the. Huge. Pile of information that's being utilized now on the Internet there are opportunities to get differentiated insight through data. Through information. It's hard to ascertain good data and bad data and. It takes a lot of time. But we believe. That we are.
Winning that battle. Our. Quantitative team is that great result in most cases and we are doubling down on. The. Try to develop models. Factor Analysis upon information that is sourced from different sources.