🚨DID YOU KNOW THAT: Larry Fink lost😬 $100m,got fired,and then he built blackrock.
🔸BlackRock CEO Larry Fink recounting his 1986 firing from First Boston after a $100 million loss on mortgage trades due to lax risk controls,
🔹Emphasizing the era's high-stakes banking culture as depicted in "Liar's Poker."
🔸Fink's setback directly led to founding BlackRock in 1988 as a Blackstone subsidiary focused on fixed-income analytics,
🔹Growing it into a $10 trillion asset manager by leveraging lessons in risk management.
#WEFDavos2026 #WhoIsNextFedChair #GoldSilverAtRecordHighs #blackRock #HISTORY
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