/biz/ - Business & Finance

>>53085983
blackrock will win by a mile. reminder that our tax dollars are supporting this.

>>53085983
Also BlackRock is acting like an old school banker and financing the rebuilding of the Ukraine, with interest. Funny how they also profited from the war to begin with considering that they control a majority interest in every arms manufacturing company on the market. And it's all legal and blessed by congress.

>https://www.cnbc.com/2022/12/28/zelenskyy-blackrock-ceo-fink-agree-to-coordinate-ukraine-investment.html

Nothing like this from Vanguard. Why don't more people support them in slaying the dragon?

>>53086007
But BlackRock cannot compete long term with the costs. If you can get the same thing at Vanguard but make more of a profit due to paying lower expenses and fees, any smart money will migrate to the long term winning strategy. Also Vanguard owns the majority of shares in BlackRock which is where things start to get fucky about who is really who, but maybe that's a dangerous question to ask out loud in polite company.

>pic rel

>>53085983
Blackrock became the Bad Guy by expressing a desire to invest more in companies that aren't literally wiping their asses on the environment, angering the bought sycophants in the GOP.

Apparently they believe it's not possible to consider the future of the world when there's fast money to be made RIGHT NOW.

>>53086067
These colossal investment firms own about 8% of EVERYTHING, including one another.

>>53086089
BlackRock should not be making public policy. They should have a fiduciary responsibility to their clients to invest in what is profitable, not ESG agenda garbage.

>>53086089
>>53086098
It's the last day of the year and you're still being a nigger shilling for gay jewish megacorps while accusing everyone else of being 'the real shills'.

>>53086103
>>53086110
By managing a meaningful percentage of EVERYTHING, these funds have an intrinsic interest in "Everything being Good for Everyone".

Completely unlike Senator Fuckwit who's gaming for the interests of his particular patrons.
These funds have no interest in Corp A kicking Corp B's ass, their interest lie in entire industries making smart and responsible decisions for the long-term good of their shareholders.

Evil, I know.

>>53086110
Is it really just the jews? That's it? The older jewish family (Khazars) own both BlackRock and Vanguard and use the illusion of competition to further delude and fool the ignorant masses marked for extinction?

>>53086110
You understand that the ones pushing the "Blackrock Ebil" narrative are Big Fossil Fuel, through their bought puppets right? You are capable of grasping that obvious truth?

Why would you staunchly defend those fucks? Does your Daddy own a ton of oil shares? And anyway the energy giants were pivoting away towards green energy long before Blackrock spoke up, they just want to slow the process down for profits.

>>53086145
I mean, that sounds like corpo garbage to me. I don't think moral considerations are in the front seat for BlackRock, at least. Jack Bogle at least walked the walk for the talk he talked, brother. You're speaking about Vanguard, but not BlackRock being based.

>Vanguard's CEO
Does this look like the sort of guy out to take your lunch money? Tim's a nice man.

>>53086190
>I don't think moral considerations are in the front seat for BlackRock, at least.
They see the impending massive losses across hundreds of major industries when the climate goes to complete shit. Plus some of them have descendants and personally would like to leave them a decent planet to work with.

Is it optimal for quarterly earnings? Nah.
But it is possible to think beyond next quarter, tho it is hard. Your average CEO behaves like he is dying of cancer (like Putin) and gives zero fucks about you.

>>53086219
Instead of betting on the environment going kaput why don't we just invest in technology to y'know, prevent just that. If it's about the environment instead of pushing your NWO agenda to enslave every man woman and child and render rebellion a pipe dream. Why are you so quick to defend literal Satanists? Jack Bogle was a Christian. Vanguard was founded on Christian values.

>>53086256
>Instead of betting on the environment going kaput why don't we just invest in technology to y'know, prevent just that.
Literally what the ESG funds are all about, nudging big corporate away from microplastics, forever chemicals, fossil energy usage ect. Everyone pretty much agrees these are bad/unsustainable conditions, but by encouraging investment in alternatives Blackrock suddenly becomes "Satanists" and you start regurgitating Old Industry talking points like a useful tool on 4chan.

>>53086089
>literally wiping their asses on the environment

Source for these companies?

>>53086145
These funds manage incredible sums of money contributed by many millions of individual and institutional investors primarily seeking for low-cost index funds and/or low cost sector replication funds. They are looking for exposure with minimal frills/hassle. They have NOT given Blackrock nor any other asset manger charged with voting proxies on their behalf a mandate to vote/pressure companies how Blackrock sees fit. The fact that they are using their client money as a platform to push for what THEY think is the best outcome is a crime.

>"Everything being Good for Everyone".

And who is the determinant of what qualifies as "good"? Blackrock? What qualifications do they have to make that judgment? Their primary skill is in marketing and offering their funds. They don't know shit about anything else.

>>53086188
>Why would you staunchly defend those fucks?

Not sure if you live under a rock, but we've had a bit of an energy crisis the last two years as global demand for oil has outstripped supply and the ability to bring new supply online quickly. That's been primarily caused by governments in the US and abroad clamping down on new O&G investment under the guise of ESG, a cause championed by Blackrock themselves. Turns out a decade of under-investment in O&G infrastructure has put us in the precarious spot where we can't keep up with the demand for oil because, surprise surprise, it's not going away as the primary fuel source anytime soon. And now that O&G companies are finally raking in money hand over first after almost a fucking decade of austerity following the 2014-2020 period of low oil prices, your retarded governments want to penalize them and extract more taxes and penalties from them. What kind of fucking incentive do you think this provides them to drill for new wells? You ignorant fucking faggots are to blame for all of this and deserve to hang from a rope

>>53086297
>Not sure if you live under a rock, but we've had a bit of an energy crisis the last two years as global demand for oil has outstripped supply

Oh lawd, this "peak oil" bullshit. Please spare me. Turns out we have centuries of plentiful oil, the climate will rape us long before we run out of it to burn. Hostile geopolitics and actual warfare are what are squeezing supply, Russian agression and embargoes on multiple major oil producers.

If you want to argue with me, don't smoothbrain at me.

>>53086219
>when the climate goes to complete shit

Pure climate alarmism nonsense. People have been saying this shit for decades and the world is still fine. it will be fine in 50 years, it will be fine in 100 years. If you give a shit about the fucking climate, go tell China and India to stop single-handedly polluting the planet instead of telling Western consumers they need to eat bugs and stop using gas-powered cars you disingenuous shill faggot

>Everyone pretty much agrees these are bad/unsustainable conditions

Source? By "everyone", you mean academic Jewry, right?

>>53086334
>Turns out we have centuries of plentiful oil,

Not if you don't drill for it because ESG and government policies make it uneconomical to do so, you tremendous faggot

>the climate will rape us long before we run out of it to burn

Source? Sounds like more smoothbrain climate alarmism to me. Either you're retarded or just disingenuous. Hard to tell

>Hostile geopolitics and actual warfare are what are squeezing supply, Russian agression and embargoes on multiple major oil producers.

Even if this is the case, this situation isn't going to be resolved any time soon so we should be doubling down on domestic oil production instead of accelerating the shift away from oil like fucking retards. I bet Germany would LOVE cheap energy right about now, but they took the ESGpill and are now suffering for it. Sad!

stocks are fake and gay. Please take your boring tradfi boomer trash off this cryptocurrency board. Nobody cares about worthless ETFs that move .0001 percent a day.

>>53086365
Crypto moves at 1% a day now bro, literally nothing going on under the bear market is over. I'm already all in on my crypto positions but there is nothing to talk about for now besides tradfi, since that now directly impacts crypto you stupid zoomer.

>>53086356
>Not if you don't drill for it because ESG and government policies make it uneconomical to do so, you tremendous faggot
We have decades of oil capped off in the Midwest of the United States right now.
The problem is, no one wants to sell you oil for $50 a barrel, the price isn't considered sustainable.

And the people preaching "Anti ESG" over the media just happen to have the House of Saud as their #1 investor, strange coincidence? Could they have implicit interest in the world remaining chained to oil supply?
Think about it but don't hurt yourself.

>>53086334
You carbon death cultists have censored all fucking discussion of “the science” behind climate change, just like the clotshot, the fact that the carbon on earth can’t melt fucking Mars’ ice caps at the same time as earth’s being the No.1 indicator that it’s the fucking sun and not carbon. Now the ice coverage is expanding but no press talks about it because of fucks like Blackrock. I grow fucking plants in a greenhouse, you introduce carbon and guess what? They grow more, more vegetation, more fuel, food, insects and animals.

>>53086401
>tradfi directly impacts crypto
bitcoin has been a stablecoin while shitpiss 500 companies with big marketcaps continue to dump. So no tradfi has nothing to do with crypto still geriatric. Tradfi equities are worthless trash going to zero.

>>53086408
>We have decades of oil capped off in the Midwest of the United States right now.

And why would anyone bother spending the capex necessarily to drill for it if you as a company are just going to be punished by your own government for doing so?

>And the people preaching "Anti ESG" over the media just happen to have the House of Saud as their #1 investor, strange coincidence?

Odd that you seem to have a problem with the Saudi cartel controlling things and pushing policy but you're totally cool with the Blackrock cartel controlling things and pushing policy. As long as it's policy YOU agree with, it's cool I guess?

Post garbage all you want, most people are waking up to the lunacy of the ESG cult and the energy crisis it's led us to. Your days are numbered.

>>53086103
Ikr we should be stripmining Yellowstone right now. Like think how many more billions Jeff and Elon could have?

>>53086430
It's like you get all your True Facts from tobacco industry doctors and "scientists".
>Yes basically every glacier on the planet is almost totally gone, and the ocean temperature is rising even faster than pessimists predicted, but there's still ice in Antarctica so IT'S FINE, beleeb the good lads at Faux News and Satire, who are owned by OPEC.

>>53086473
>Yes basically every glacier on the planet is almost totally gone, and the ocean temperature is rising even faster than pessimists predicted

Source?

>>53086444
>Odd that you seem to have a problem with the Saudi cartel controlling things and pushing policy but you're totally cool with the Blackrock cartel controlling things and pushing policy.
Blackrock thrives on it's broad group of investors doing well across basically every single industry on the planet.
The House of Saud thrives on other nations being eternally hooked on The Spice.

So yeah, I think Blackrock's interests and mine coincide better than MBS's. Those fucks can be your heroes if you like.

>>53086496
I mean I could provide you with actual photographs of the spent glaciers, or you could just google this info, but you'd just cry FAKE NEWS and deepfakes at me, and it's tiresome.

>>53086007
Russia is losing.

>>53086444
How much does ARAMCO pay you?

>>53086495
>Blackrock thrives on it's broad group of investors doing well across basically every single industry on the planet.

Going back to my original post >>53086297, you never explained what qualifications Blackrock has as an asset gatherer/manager in effectively setting policy across multiple companies/sectors for the "greater good". Why are they qualified to do this? Their underlying investors almost certainly have not given them a mandate to push for what they think is effective global policy. They have given them money for exposure to low-cost index funds. At least the Saudis know a thing or two about oil. Fink only knows how to hoover up capital, not how to set policy.

>>53086503
So you don't have a source then, got it.

>>53086521
Not an argument

>>53086528
>Blackrock has as an asset gatherer/manager in effectively setting policy across multiple companies/sectors for the "greater good".
Blackrock isn't "setting policy" though, it's nudging industry by setting up ESG funds. Are we pretending that Blackrock has sold all it's non ESG friendly positions?

>At least the Saudis know a thing or two about oil.
Oh lawd this dick-sucking. All they know is how to play "WHO RUNS BARTERTOWN!?" MBS wants to build Super-Vegas in the burning desert so he wants oil nice and expensive and ubiquitous for the forseeable future. Fuck the slimy Arabs AND their shills like yourself.

>>53086528
Yeah that was pretty slick of those Arabs to move ontop of an oil well 4000 years ago.

>>53086538
There is no argument to be made for your dubious plan of “just suck Arab/Exxon cock forever”. Society is increasingly deriving an ever greater percentage of it’s energy from sustainable energy and for some reason this makes Big Oil dickriders like you absolutely seethe.

>>53086538
Google is your friend there, I don't like you at all.
Or just keep your head in the sand, you seem to think it's cozy.

>>53086566
>Blackrock isn't "setting policy" though, it's nudging industry by setting up ESG funds. Are we pretending that Blackrock has sold all it's non ESG friendly positions?

No, but as a major shareholder in pretty much every American public company, they have the ability to vote their shares in ways beneficial to their ESG agenda, as well as getting face-time with top management (again, given their status as most companies' largest shareholder) to push them towards ESG-friendly changes and policies. Their status allows them to attempt to "steer the ship" in a manner they feel is appropriate. Even the "non-ESG friendly positions" like XOM are actively being subverted by Blackrock and others towards moving away from investing in fossil fuels (their core business) in favor of bullshit alternative energy sources.

The reasonable question is why the fuck are they allowed to do so, who gave them the mandate to do so, and why do we think these kikes know what's best for anyone?

>Fuck the slimy Arabs AND their shills like yourself.

I'll personally take an oil shill over an ESG shill any day of the week and twice on Sunday, you kike.

>Society is increasingly deriving an ever greater percentage of it’s energy from sustainable energy and for some reason this makes Big Oil dickriders like you absolutely seethe.

That's why crude hit $120/bbl last year right? Clearly oil is becoming more irrelevant, that's why its more expensive today than it has been over the past decade despite Biden drawing down the SPR most of 2022 to minimal effect. People are seething because there is legitimate suffering in the world today resulting from energy shortages, which is a problem that has been exacerbated by ESG shills such as yourself. For your crimes you deserve to hang.

>>53086577
>ESG shill telling others they have their head in the sand

o i am laffin

also telling me to Google it means you have no source. I accept your concession.