BlackRock CEO Larry Fink: Buying on Dips Will Benefit Long-Term as Global Capital Market Expansion Just Begins
Larry Fink, CEO of BlackRock, stated that investors who buy on dips ultimately benefit in almost every period. He cited that investing from January 2000 and holding until now, despite events like the dot-com bubble burst, the global financial crisis, and the pandemic crash, has resulted in an approximately 8-fold increase in funds.
Fink emphasized that the expansion of global capital markets has just begun, with more countries establishing more complete capital markets. More residents are participating in economic growth through pensions, ETFs, private markets, and digital assets, with funds that were previously sitting in savings accounts increasingly shifting towards investments.
BlackRock manages over $11 trillion in assets and is strategically betting on the long-term migration trend from "savings to investments" rather than short-term market fluctuations, reflecting the largest asset management company's firm belief in "long-termism + asset allocation."
Source: Public Information
ABAB AI Insight
Larry Fink's narrative of "buying on dips" is not an empty slogan but a practical guide for BlackRock during multiple crises from 2008 to 2026: the large acquisition of Barclays Global Investors (BGI) during the 2008 financial crisis established ETF dominance, the accelerated launch of carbon-neutral ETFs and Bitcoin ETFs after the pandemic crash in 2020, and the continued expansion of private credit and infrastructure funds amidst market volatility in 2026.
Similar cases can be compared to Warren Buffett's 2008 "Buy American" letter and his significant purchases of Apple and bank stocks in 2020—reflecting the counter-cyclical operational logic of "long-term capital" during crises: when retail investors panic sell and hedge funds deleverage, asset management giants utilize "liquidity advantages + long-term funds" to acquire at low prices, forming a positive feedback loop of "crisis → acquisition → expansion."
In terms of capital pathways, BlackRock has chosen a three-pronged strategy of "passive investment + private markets + digital assets": iShares ETFs provide low-cost market exposure, private credit and infrastructure funds enhance returns, and Bitcoin ETFs and tokenized funds offer exposure to "next-generation assets," forming a comprehensive allocation of "traditional + alternative + digital," betting on the long-term migration from "savings to investments."
Essentially, this belongs to the "asset management giant paradigm" within capital concentration: as market volatility becomes the norm, retail investors shift from "timing trades" to "long-term holding," and institutions move from "active management" to "passive allocation." The underlying reason is the long-term fact that "active funds underperform indices" (with 85% of active funds underperforming the S&P 500 by 2025), making "buying on dips + holding" the optimal strategy. BlackRock, as "the market itself" (holding the largest share of almost all indices), becomes the biggest beneficiary of this trend.
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