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

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I'm not big on conspiracy theories but I did find it odd over the last two years Blackrock was buying hundreds of billions of dollars worth of real estate when every single market indicator said it was in a bubble and about to go down. That's not something an intelligent hedge fund does. Either blackrock is not led by intelligent people or they know something we don't know. They bought so much real estate that they, themselves, helped prop up and escalate prices nationwide. Blackrock assets controlled makes them like the 10th largest economy in the world, or something like that.

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What's your evidence that those investments have been bad? Housing is literally at an alltime high right now.

LINK

Also, they probably care at least as much about building the rental platform as they do about perfectly timing every purchase. If they can get a 4-6% rental yield in aggregate across hundreds of thousands/millions of homes, then that will have enterprise value in and of itself.