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

Posted on 7/23/22 at 11:20 am to
Posted by Big Scrub TX
Member since Dec 2013
33737 posts
Posted on 7/23/22 at 11:20 am to
quote:


ESG isn't a conspiracy, people openly talk about it, it's a REAL thing.
Of course it's a real thing - and you implied that they were tied to ESG, regardless of if it made them perform worse. And I'm telling you that it did not - it seems as if their aggregate performance is a good bit better than the market itself.

So, again - what are you actually alleging?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11283 posts
Posted on 7/23/22 at 11:30 am to
Blackrock and Vanguard have accumulated so much in assets that a simple rebalancing won’t crash the markets. Single stock names will just go straight to $0. The CARES Act bailed them out the conundrum is it also bailed out the taxpayer and there asset values.
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