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Posted on 7/22/22 at 11:00 pm to the_truman_shitshow
Who could've predicted that buying up billions of dollars in property during a gigantic housing bubble could go wrong?
Posted on 7/22/22 at 11:11 pm to Salviati
I have actually ran completely out of conspiracy theories. All mine came true
Posted on 7/23/22 at 6:28 am to WaWaWeeWa
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.
Posted on 7/23/22 at 7:50 am to the_truman_shitshow
quote:I don't know who you think Fink's "master" is, but it's Fink who's behind the scenes pulling puppet strings.
Larry Fink just following his master's orders
Fink makes his money through government related investment, government pensions and fixed income instruments. He is a highly partisan Democrat. He uses his Democrat government connections to grow his company, then uses his company to force corporate boards and leaders leftward, which shifts alignment, finance, and support to Dems.
He was one of the first behind-the-scenes pushers of ESG and SRI.
E.g., IIRC Fink was the power behind a recent Exxon board shift. He forced 3 "green" activists onto the XOM board. It changed XOM strategic planning overnight. XOM went from a corporate plan for 20% more oil production to 20% less in the same timeframe. The focus instead was on targeting alt-green energy production.
Fink is right up there with Soros in terms of pushing the country left.
Posted on 7/23/22 at 7:56 am to the_truman_shitshow
You hate to see it
Posted on 7/23/22 at 8:06 am to NC_Tigah
quote:
don't know who you think Fink's "master" is, but it's Fink who's behind the scenes pulling puppet strings.
Fink does have masters. The true masters are hidden from the eyes of the public. Go deeper.
Posted on 7/23/22 at 8:09 am to the_truman_shitshow
quote:Yeah?
Fink does have masters.
Who would you suggest that is?
Who is driving ESG and SRI?
Posted on 7/23/22 at 11:18 am to deeprig9
quote:What's your evidence that those investments have been bad? Housing is literally at an alltime high right now.
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.
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.
Posted on 7/23/22 at 11:20 am to LSUbest
quote: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.
ESG isn't a conspiracy, people openly talk about it, it's a REAL thing.
So, again - what are you actually alleging?
Posted on 7/23/22 at 11:28 am to NC_Tigah
quote:
I don't know who you think Fink's "master" is, but it's Fink who's behind the scenes pulling puppet strings.
Fink makes his money through government related investment, government pensions and fixed income instruments. He is a highly partisan Democrat. He uses his Democrat government connections to grow his company, then uses his company to force corporate boards and leaders leftward, which shifts alignment, finance, and support to Dems.
He was one of the first behind-the-scenes pushers of ESG and SRI.
E.g., IIRC Fink was the power behind a recent Exxon board shift. He forced 3 "green" activists onto the XOM board. It changed XOM strategic planning overnight. XOM went from a corporate plan for 20% more oil production to 20% less in the same timeframe. The focus instead was on targeting alt-green energy production.
Fink is right up there with Soros in terms of pushing the country left.
This explains alot. On google finance I recently noticed that Tesla had a lower ESG score than Exxon.
One company makes, pioneered really, modern electric cars that are selling like hot cakes.
The other company literally provides evil fossil fuels for the purpose of burning into the atmosphere and making non-biodegradable plastics, and it had the higher ESG score. That's when I knew for a fact that ESG is a load of political horse shite.
ETA- even Southern Company has a higher score than Tesla, and they literally burn coal for a living.
This post was edited on 7/23/22 at 11:33 am
Posted on 7/23/22 at 11:30 am to Big Scrub TX
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.
Posted on 7/23/22 at 11:35 am to wutangfinancial
quote:
Single stock names will just go straight to $0.
Posted on 7/23/22 at 11:53 am to Big Scrub TX
It’s so funny it’s already happened multiple times throughout history. Do you dance like a clown too?
Posted on 7/23/22 at 11:56 am to the_truman_shitshow
i don't believe a single word of that.
Posted on 7/23/22 at 11:58 am to deeprig9
quote:Exactly.
On google finance I recently noticed that Tesla had a lower ESG score than Exxon.
Posted on 7/23/22 at 12:00 pm to NC_Tigah
All of my gold and non gold mining stocks have exceptional ESG scores 
Posted on 7/23/22 at 12:05 pm to Salviati
Do y’all ever run out of things of which you conspire?
Posted on 7/23/22 at 12:07 pm to Salviati
quote:Most?Nope.
Do investors have a choice to invest with Blackrock or not?
Posted on 7/23/22 at 12:10 pm to NC_Tigah
They could be smart and own the actual rights to cash flowing assets after the bond holders claim them but Wall Street has us all brainwashed to believe property rights aren’t important l
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