- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: BlackRock suffered $1.6 trillion in losses in 6 months
Posted on 7/22/22 at 7:41 pm to the_truman_shitshow
Posted on 7/22/22 at 7:41 pm to the_truman_shitshow
quote:
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.
Even if it hurts profits, honor the ESG god.
2
Posted on 7/22/22 at 7:44 pm to LSUbest
quote:Do investors have a choice to invest with Blackrock or not?
Even if it hurts profits, honor the ESG god.
Posted on 7/22/22 at 7:47 pm to Salviati
quote:Here's a much less conspiratorial headline:
Do y'all ever run out of conspiracy theories?
Largest asset manager in the world (of whose assets 75% are passive/indexed - i.e. extremely low-fee) suffers losses of 16% in big down market that is down much more than that.
Seriously, some of you have completely lost it.
Posted on 7/22/22 at 7:49 pm to LSUbest
quote:The S & P was down ~20% through Q2 and the Nasdaq was down closer to 30%. What exact argument are you making here?
Even if it hurts profits, honor the ESG god.
Posted on 7/22/22 at 7:53 pm to Salviati
quote:
Do y'all ever run out of conspiracy theories?
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.
Posted on 7/22/22 at 7:54 pm to Salviati
Yes, but they do hold more sway than they should.
Besides, they aren't really pushing individuals but other companies that they are investing in.
Besides, they aren't really pushing individuals but other companies that they are investing in.
This post was edited on 7/22/22 at 7:55 pm
Posted on 7/22/22 at 7:59 pm to deeprig9
quote:Y'all are ignoring Big Scrub TX, and he's trying to point out to you that no one has answered Question #1 in the affirmative:
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.
quote:According to Big Scrub TX, Blackrock did not. And y'all have offered NOTHING to suggest that they did.
1. Did Blackrock lose significantly more money as a percentage of assets than other institutional investors?
Posted on 7/22/22 at 8:00 pm to Big Scrub TX
quote:
The S & P was down ~20% through Q2 and the Nasdaq was down closer to 30%. What exact argument are you making here?
If you couldn't read it the first time I doubt you'll get it now.
quote:
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.
ESG isn't a conspiracy, people openly talk about it, it's a REAL thing.
Posted on 7/22/22 at 8:02 pm to Salviati
quote:
Do y'all ever run out of conspiracy theories?
They currently run the day to day in the white house.
There's no conspiracy and it's not a theory. Donilon and his wife run it. The staff,speeches, comms...
Posted on 7/22/22 at 8:04 pm to Salviati
quote:
According to Big Scrub TX, Blackrock did not. And y'all have offered NOTHING to suggest that they did.
Our point is: others are struggling, they are not...
His point is irrelevant.
Posted on 7/22/22 at 8:12 pm to IceTiger
quote:You need to try and keep up with the point.
Our point is: others are struggling, they are not...
His point is irrelevant.
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.
Posted on 7/22/22 at 8:17 pm to wutangfinancial
quote:
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.
Even in march 2020?
Either way that is amazing
Posted on 7/22/22 at 8:22 pm to ksayetiger
It would be impossible to know but basically the “buy every two weeks you get paid” funds have grown from less than a few billion to something like $23T and it has an excess impact on equity prices along with buybacks. We’re gobbling up shares and research from a ton of people say every $1 in affects the broader market $4 because the market liquidity is that thin and narrow.
And to answer your question: they supplemented income so there would be no drops in income for white collar workers that buy financial assets so yes even through that period. That’s piles on to the volatility.
And to answer your question: they supplemented income so there would be no drops in income for white collar workers that buy financial assets so yes even through that period. That’s piles on to the volatility.
This post was edited on 7/22/22 at 8:25 pm
Posted on 7/22/22 at 8:25 pm to Salviati
The point is that BlackRock is pressuring companies to comply with the leftist ideologies or suffer the financial cost.
It's like regulation - but it's being enforced by big money instead of the government.
It's like regulation - but it's being enforced by big money instead of the government.
Posted on 7/22/22 at 8:49 pm to the_truman_shitshow
I'm sure Cathie Wood is glad to know she is not alone.
Posted on 7/22/22 at 9:26 pm to leeman101
quote:
Who has not lost money in the stock market YTD?
I put my IRA in Exxon Mobil at the beginning of the year. It’s done alright.
This post was edited on 7/22/22 at 9:27 pm
Posted on 7/22/22 at 10:03 pm to RemouladeSawce
You said they were meaningless. Those losses have meaning and shouldn’t be ignored. The crash of the housing market is going to be beautiful.
Posted on 7/22/22 at 10:05 pm to the_truman_shitshow
quote:
BlackRock suffered $1.6 trillion in losses in 6 months
Hope Blackrock and all of it's investors go broke
Posted on 7/22/22 at 10:07 pm to deeprig9
quote:
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.
Interesting because the stock market is down 20% whereas real estate is still sky high.
Looks like blackrock knew what they were doing.
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.
Page 2 of 6
Popular
Back to top
Follow TigerDroppings for LSU Football News