03/29/2026
Larry Fink urged investors to avoid timing markets, saying long-term investing consistently outperforms short-term reactions. In his annual letter, he stressed that many of the market’s strongest gains happen during periods of uncertainty.
Over the past 20 years, every $1 invested in the S&P 500 grew more than 8×, while missing just the 10 best days cut returns by more than half.
He warned that markets are increasingly shaped by geopolitics and technological shifts, noting that BlackRock — managing about $14 trillion by the end of 2025 — sees countries investing heavily to become more self-reliant in energy, defense, and technology.