Please see my report here. Warning. It is comprehensive. The more you dig in, the more it makes sense. But you can see this shared ownership thing right at the beginning.
BlackRock, Vanguard and State Street hold over $70 trillion in assets. One of them is the largest shareholder in 88% of S&P 500 (Top 500) Wall Street companies. They are also the largest shareholder in each other. BlackRock, Vanguard and State Street are more powerful than a president of any country.
Blackrock and vanguard own everything.
And each other.
Megacorp.
Cyclical
It’s the British and Dutch East India companies all over again.
They invest in each other through circular ownership.
Right. Blackrock owns basically everything, but Vanguard holds the most shares of Blackrock.......
Is this some kind of recursive thing?
Just megacorp, hiding in plain site.
Please see my report here. Warning. It is comprehensive. The more you dig in, the more it makes sense. But you can see this shared ownership thing right at the beginning.
Dude, your batman. Wow, that goes really deep.
Haven't read it yet, but thanks for your time and effort to put this together.
That's the DD I was thinking of.
Thanks for writing it and posting it here.
BlackRock, Vanguard and State Street hold over $70 trillion in assets. One of them is the largest shareholder in 88% of S&P 500 (Top 500) Wall Street companies. They are also the largest shareholder in each other. BlackRock, Vanguard and State Street are more powerful than a president of any country.
They are basically Conglomo from Rocko’s Modern Life