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Larry Fink Likens Hedge Fund Selloff Last Quarter to 'Mini-2008'

Newsmax Wednesday, 16 January 2019
Larry Fink, chief executive officer of BlackRock Inc., said the selloff by hedge funds during the fourth quarter was somewhat akin to what happened during the financial crisis.
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News video: Hedge Fund Investor: 'Stupidity Is Not Cyclical'

Hedge Fund Investor: 'Stupidity Is Not Cyclical' 00:45

Some sectors of the economy are cyclical and some remain steady through peaks, valleys and troughs. But there's one constant in financial markets, especially large and highly liquid ones like the stock market: stupidity. "We have a saying in our place, which is that stupidity is not cyclical," said...

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