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Started By
Message
re: BlackRock suffered $1.6 trillion in losses in 6 months
Posted on 7/22/22 at 10:39 pm to Salviati
Posted on 7/22/22 at 10:39 pm to Salviati
quote:
quote:
Our point is: others are struggling, they are not...
His point is irrelevant.
You need to try and keep up with the point.
The point they are trying to make is the Blackrock lost a crapton of money because they follow their masters and worship the ESG god.
The problem with the point is that nobody has offered the slightest hint of evidence that Blackrock lost more, as a percentage, than any other institutional investor.
Now, try to keep up and do better.
You need to keep up and do better.
The point is this.
Blackrock can afford to absorb losses on a similar percentage basis as smaller investors, and still remain liquid. Then when those smaller firms can't hold on, Blackrock buys them out at pennies on the dollar.
Same principle WalMart used for years in small towns all over America. They are so big they can afford to lose money selling everything cheap to drive the local stores out of business, then buy out everything and they are the only store left in town.
Same scenario. That is the point.
Posted on 7/25/22 at 8:04 pm to tiggerfan02 2021
quote:
The point is this. Blackrock can afford to absorb losses on a similar percentage basis as smaller investors, and still remain liquid. Then when those smaller firms can't hold on, Blackrock buys them out at pennies on the dollar. Same principle WalMart used for years in small towns all over America. They are so big they can afford to lose money selling everything cheap to drive the local stores out of business, then buy out everything and they are the only store left in town. Same scenario. That is the point.
Lol, what caused all of these liquidity problems for the greater part of a decade prior to Covid?
Your conclusion might make sense if your reasoning wasn’t so ridiculous.
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