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re: BlackRock suffered $1.6 trillion in losses in 6 months

Posted on 7/22/22 at 6:37 pm to
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 7/22/22 at 6:37 pm to
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.
Posted by CitizenK
BR
Member since Aug 2019
9892 posts
Posted on 7/22/22 at 10:58 pm to
A lot of that money is from investors investing through Black Rock. It isn't actually all of their money
Posted by Penrod
Member since Jan 2011
40237 posts
Posted on 7/23/22 at 6:28 am to
quote:

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.

Losing money is the exact opposite of thriving. And No! Black Rock is not intentionally losing money. They might intentionally take the loss at this time rather than later, but they didn’t intentionally suffer a $1,6 trillion loss. They are a public company with stockholders. Most of us, on this board, own Black Rock.
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