I hear it from nearly every client, nearly every leader—nearly every person—I talk to,” BlackRock CEO Larry Fink wrote in his annual letter on Monday. “They’re more a

BlackRock Chief Executive Officer Larry Fink is proposing a new tweak to an age-old investing formula. Instead of a traditional 60/40 split between stocks and bonds, the prominent asset manager wants everyday investors to branch out and diversify into private market assets.