(B) The world’s largest bond mutual fund manager, PIMCO’s Bill Gross, and the world’s largest asset manager, BlackRock’s Larry Fink, two graduates from the UCLA Anderson School of Management (where the author of this humble blog did graduate as well) were reunited for sharing their perspectives on global economic and financial markets on October 3.
The event did cover a wide range of topics, including: will the US default, the next Federal Reserve Chairwoman, where to invest in the US and abroad, and the nation’s education crisis.
Fink discussed the well-known “death of long-termism,” a phenomenon that sees corporate CEOs focused predominantly on short-term gains rather than long-term growth. Gross concurred, also commenting on the impact of low interest rates. “We live in a world with artificially depressed interest rates that lead to artificially depressed returns [on investment],” Gross said.
You can watch the complete event here:
Note: The picture above is UCLA Anderson Dean’s Judy D. Olian.
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Categories: Financial Markets