Neal Freiman
👤 SpeakerAppearances Over Time
Podcast Appearances
It seems right now that global investors think that generally the United States and Europe will come to some sort of agreement over at Greenland.
There won't be an invasion because right now we saw in the morning just the stock market
futures are up and a little bit into the green.
So we may be in for a few bumpy days and weeks.
Certainly really striking for the CEO of an investment firm that manages $14 trillion in assets to say, look, this capitalism thing, it's not really working.
But as Liz Hoffman of Summer 4 points out, he's kind of right because Davos has been wrong consistently about the world's heading for much of the last two decades.
She goes back to 2008 when an economist got up.
at a panel here in Davos and said, it is inconceivable, repeat, inconceivable to get a world recession.
I'll just repeat, that was in 2008.
And then in the mid-2010s, no one could foresee Brexit or MAGA or the populist wave that soon followed in 2020.
People were here in January sipping champagne.
Meanwhile, COVID was going to become
a big thing.
So, yes, consistently, Davos has always been sort of backwards looking and has not been on the front edge.
And I think Larry Fink, as he's coming into this role, is doing a lot of navel gazing himself.
and reflecting and saying, look, this thing is not really working, Davos and capitalism.
going forward in this age of ai and one reason why people pay attention to larry fink like what he says is yes he he's the ceo of blackrock is the biggest money manager in the world they have a big stake in pretty much any public company you can think of when he calls the ceos are going to pick up the phone he may be the most influential puppet master behind the scenes in the in the world in terms of the economy so what he says carries a ton of weight in boardrooms across the world
Yeah, I mean, he absolutely shocked the crowd.
And one reason why is he went in on Nvidia.
Well, what happened a few months ago is Nvidia said it was going to invest up to $10 billion in Anthropic.