"Lumber Shortage My Ass"
(vm.tiktok.com)
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I hear this argument over and over, and it doesn't make sense. Vanguard and Blackrock provide mutual funds for people's retirement plans. Those companies don't actually own the shares of publicly traded companies, the people do. Even when there is a shareholder vote, they almost always vote however the public company's management recommends. That doesn't sound like exerting control at all.
Yeah, assets under management does not equal Vanguard and Blackrock own all of the wealth. They’re holding a lot of people’s money.