E88: First principle politics, China chaos & outlook, state of private/public markets & more
All-In with Chamath, Jason, Sacks & Friedberg
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Exploring BlackRock's Historic Financial Losses and Market Trends
This chapter examines BlackRock's unprecedented financial losses of $1.7 trillion over six months, driven by a significant downturn in both stocks and bonds. It highlights the impact of market trends on BlackRock's passive investment strategy, which mirrors broader market indices.
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