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Index funds almost never vote with their shares. To say that vanguard having equity ownership without utilizing their voting rights leads to market failures see

Index funds almost never vote with their shares. To say that vanguard having equity ownership without utilizing their voting rights leads to market failures seems incredibly naive.

samstave 4y ago
Sure, until you actually look at the matrices of controlling board / ceo / congress seats these guys hold, and what has been recorded throughout history in what they do when investing... Its incredibly naive to think that they arent actively affecting prices. "What are you talking about, these guys are JOB CREATORS! they only invest in index holds!" Yeah... good luck deciphering whats really happening when you think such. --- I don't give a shit what you think about John Oliver, but his "Corp Consolidation" piece shows you just how these units operate: https://www.youtube.com/watch?v=00wQYmvfhn4 https://www.youtube.com/watch?v=00wQYmvfhn4 By funding of the smaller guys to be bought out by their bigger players... they then control the play of that industry... Then they ensure that they all buy in-network shit... so all profits stay in the family. Incestuventure Capitalism. (And no its not about "economies at scale on pricing" "Economies at SCALING of Price Fixing" <-- Truth. Food. Oil. Housing. Transport. Healthcare. Education. Policing/Politics ("Safety"). OWNING THE MASLOWS HIERARCHY OF NEEDS. That's their business model.
bombcar 4y ago
Bogle of Vanguard fame actually warned against the problem that Vanguard and Vanguard like things could cause: http://johncbogle.com/wordpress/wp-content/uploads/2019/08/niri-6-03.pdf http://johncbogle.com/wordpress/wp-content/uploads/2019/08/n...
whimsicalism 4y ago
That's... just not true. Vanguard absolutely votes its shares.