Welcome to Another Edition of Your Magazine, Shareholder
A colleague once told me about a childhood trip to Washington, D.C. My friend, along with mom, dad and brother, stood on line for the day's last White House tour. It was hot and the wait dragged on past an hour. Dad, in stoic fatherly fashion, preached patience. But hunger finally drove mom and the boys to a nearby pretzel cart. When they returned, the line was gone. Dad got to tour the White House that day, and his son learned a valuable lesson: Never let your stomach rule your brain when important goals are at stake.
Investors would be wise to heed that lesson when market volatility pits the two organs against each other, as it has since the start of the global financial crisis. I know it's been especially difficult these past five years, and I won't pretend to know precisely what the future holds.
But I can guarantee that we emerged from the crisis in a new world for investors. Old notions about diversification and risk that cracked under the strain have given way to expansive new thinking. BlackRock, as always, is leading the charge toward a better investing future with innovative strategies and an unwavering commitment to risk management.
And because you've chosen to partner with us, you are uniquely positioned to seize today's opportunities in pursuit of tomorrow's financial success. It's the most important goal of all — and your stomach is not to be trusted with it.
Managing Director & Head of US Wealth Advisory