Written by via cnbc.com
WHERE: CNBC’s “Mad Money”
Following is the unofficial transcript of a CNBC interview with BlackRock Chairman & CEO Larry Fink on CNBC’s “Mad Money” (M-F, 6PM – 7PM ET) today, Tuesday, March 26. Following is a link to video on CNBC.com
All references must be sourced to CNBC.
JIM CRAMER: There are very few things that are truly required reading in this business, Warren Buffett’s annual letter to shareholders, the transcript from Jensen Huang’s annual GTC keynote address, arguably the alerts we send to the CNBC Investing Club — biased — and definitely the annual letter to shareholders from BlackRock’s co-founder, chairman and CEO, Larry Fink. From his perch atop BlackRock, which is the world’s largest asset manager, Fink has a truly unique perspective on the capital markets. So what’s on his mind this year? He’s primarily focused on two topics, helping people save for retirement in a world that makes this very difficult, and infrastructure, specifically how the capital markets can help raise money to build and repair everything we need. Given what happened in Baltimore this morning, it’s hard not to see the need for new infrastructure. So, read the letter when you have got time. But, first, earlier, we got a chance to speak with Larry Fink, who is possessed about trying to get younger generations to save money and invest it in our capital markets. They just aren’t doing it much at all right now. Take a look.
Larry, this was perhaps the most important of your letters, and I have read every one of them. And that’s because, frankly, you are laying it out. There is a generation of people that will never, ever catch up unless they read this and understand, understand that, as a nation, we just don’t help them.
LARRY FINK: Look, I think — I write about fear and hope.