I keep correcting this because they get far less hate than they deserve while Blackrock gets a bit more than they do. Most of Blackrock is investment funds that invest into stocks, bonds, tradeable commodities. Much of their size comes from index funds in particular. Any of us can buy into those, and a lot have, even outside of the US (I had 5 digits worth of euros in iShares funds myself, but they’re going to be moved out in short order now, nearly everything into European-run funds). Funnily enough, their controversies section on Wikipedia includes the fact that a bunch of red states didn’t want to do business with them because of their ESG (environmental, social, and governance) efforts. Larry Fink himself says ESG isn’t woke, it’s just sensible for sustainability.
Blackstone is more about alternative investments and investing in specific companies, rather than broad strokes. And they’re the guys who have a massive real estate department. They buy up whole neighborhoods so they can raise rents unilaterally. People don’t talk about Blackstone enough, and much of Blackstone’s bullshit gets put on Blackrock instead. I’m not saying Blackrock’s a friendly and innocent giant company, but that we need more attention on Blackstone instead, because they’re far worse.
Dont worry, Blackrock will buys these for pennies on the dollar and make billions in 5 - 10 years.
Blackstone.
I keep correcting this because they get far less hate than they deserve while Blackrock gets a bit more than they do. Most of Blackrock is investment funds that invest into stocks, bonds, tradeable commodities. Much of their size comes from index funds in particular. Any of us can buy into those, and a lot have, even outside of the US (I had 5 digits worth of euros in iShares funds myself, but they’re going to be moved out in short order now, nearly everything into European-run funds). Funnily enough, their controversies section on Wikipedia includes the fact that a bunch of red states didn’t want to do business with them because of their ESG (environmental, social, and governance) efforts. Larry Fink himself says ESG isn’t woke, it’s just sensible for sustainability.
Blackstone is more about alternative investments and investing in specific companies, rather than broad strokes. And they’re the guys who have a massive real estate department. They buy up whole neighborhoods so they can raise rents unilaterally. People don’t talk about Blackstone enough, and much of Blackstone’s bullshit gets put on Blackrock instead. I’m not saying Blackrock’s a friendly and innocent giant company, but that we need more attention on Blackstone instead, because they’re far worse.