Re:BlackRock suffers $1.7T loss in 6 months: Worlds largest ...
by vba616 on Thursday July 21, 2022 @07:26PM
(#32186531)
All the criticisms seem basically true, they just don't make any sense.
Since their job is mostly to own all of the companies out there, they own most of the evil companies, and therefore they must logically be "The Most Evil Business In The World". Doesn't take an ounce of investigative journalism.
But as long as their job is mostly to own all the companies, they can't do much dumping of stock, for ESG or other reasons.
And when your job is mostly to own all the companies, then sure, market fundamentals don't matter by definition.
Since their job is mostly to own all of the companies out there, they own most of the evil companies, and therefore they must logically be "The Most Evil Business In The World". Doesn't take an ounce of investigative journalism.
But as long as their job is mostly to own all the companies, they can't do much dumping of stock, for ESG or other reasons.
And when your job is mostly to own all the companies, then sure, market fundamentals don't matter by definition.