BlackRock’s Larry Fink Warns Leaving Cash in the Bank Is a Major Financial Mistake BlackRock CEO Larry Fink warned that keeping excess cash sitting in traditional bank accounts could be "one of the worst financial decisions of a lifetime," urging individuals to gain exposure to capital markets to build long-term wealth. $H Speaking at the Milken Institute Global Conference, Fink highlighted that AI-driven growth is accelerating a wealth gap between wage earners and asset owners. Because corporate earnings and asset values are projected to outpace wage growth in an AI-dominated economy, those without market exposure risk falling behind financially. While Fink noted that holding emergency cash reserves is essential before investing, he emphasized that failing to put excess capital into appreciating assets leaves individuals out of the broader economic gains created by technology and capital markets. $JASMY