Bruce Murray Blackrock Inc. BLK-N BUY Apr 17, 2025

A fundamental part of his portfolio. The stock is resting. Usually, it has a big move, then rests, big move, rests. Long term, the growth rate is fabulous.

Is down because Vanguard cut its fees. He picked up some shares on today's sell-off.

It's been a dog, doing nothing and trying to crack into infrastructure. Trump wants the Panama Canal back. Blackrock bought it, which could become an amazing return. But shares are still -5.56% this year. Ridiculous.

Great execution, but always on the expensive side. Nothing wrong with the company, but doesn't tick all the boxes for a value manager like himself.

A long-term position for him. He's betting on the CEO who is switching to a more lucrative model. Great technology.

It's doing very well and he likes the CEO, but it's an American stock. Trump has announced an edict (tariffs), which means stocks will go down.

It reports Friday. The CEO will explain what will happen, that we had a well-oiled economy with a pro-business president ready to take it to the moon, but instead we got a journey to the centre of the Earth.

Likes it as a long-term hold. It's sort of a proxy for the market. Good operator. Not cheap at 17x PE, which is the current market multiple. Stock's come down with the market.

Is down 3% this year but he is holding on. He thinks that if they tell a positive story at Thursday's analyst meeting, then shares will rise.