BlackRock suffered $1.6 trillion in losses in 6 months

That gives you an idea just how much they own if they can lose 1.6 trillion in six months and still be very much viable, in fact thriving.

For the greater good

All that matters is that their AUM grows and it has for them and Vanguard every single week since 2000 besides 1 during a bad drawdown in 2008.

Who has not lost money in the stock market YTD?

Maybe they loss some money but those losses are customers portfolios money.

Good.

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BlackRock has also garnered attention for its embrace of Environmental, Social, and Governance (ESG) investing, which in turn has suffered in the current downturn.
By adopting ESG goals — or, in the case of BlackRock, pushing portfolio companies into adopting ESG goals — executives commit themselves to pursuing green energy, appointing a certain number of minorities to serve as managers, or otherwise blending profitability with progressive politics.

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Even if it hurts profits, honor the ESG god.

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BlackRock suffered $1.6 trillion in losses in 6 months

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Hope Blackrock and all of it's investors go broke

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Larry Fink just following his master's orders

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I don't know who you think Fink's "master" is, but it's Fink who's behind the scenes pulling puppet strings.

Fink makes his money through government related investment, government pensions and fixed income instruments. He is a highly partisan Democrat. He uses his Democrat government connections to grow his company, then uses his company to force corporate boards and leaders leftward, which shifts alignment, finance, and support to Dems.

He was one of the first behind-the-scenes pushers of ESG and SRI.

E.g., IIRC Fink was the power behind a recent Exxon board shift. He forced 3 "green" activists onto the XOM board. It changed XOM strategic planning overnight. XOM went from a corporate plan for 20% more oil production to 20% less in the same timeframe. The focus instead was on targeting alt-green energy production.

Fink is right up there with Soros in terms of pushing the country left.