Business Quote by Laurence D. Fink
“What Wall Street is, they're market makers. Wall Street's business model is making money on velocity of money. They're a click industry. That's what Wall Street is. They make a lot of money when there's a lot of turnover. And they make a lot of money when that velocity is fast.”
About This Quote
Source Speech: BlackRock Annual Letter, 2022
Wall Street profits from rapid money movement; high turnover fuels earnings.
In simple terms: Fast money flow makes Wall Street rich.
Key Takeaway
Consider transaction speed.
Themes
finance
velocity
market dynamics
Mood
analytical
concerned
Type
economic
critical
When to use this quote
- trading
- investment banking
- regulatory policy
- risk management
Key Concepts
economic incentives
liquidity provision
Questions to Reflect On
- Should regulation curb excessive turnover?
- How does velocity affect market stability?
A Different Perspective
Speed can increase systemic risk.
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