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It's not a valid refute, at all. Blackrock and Vanguard aren't calling me or you to ask what companies we want to invest in. These companies should all be bro
by silisili 3y ago
It's not a valid refute, at all. Blackrock and Vanguard aren't calling me or you to ask what companies we want to invest in.
These companies should all be broken up, either via a max allowed amount or making the practice illegal altogether.
- lucisferre 3y agoWhat? Why? They invest based on market cap for starters. Second, no fund managers call their unit holders to decide what to buy, the suggestion itself is ridiculous.
- silisili 3y agoOf course they don't, that's why it's equally ridiculous for them to say they don't have the power because it's not their money. These companies have far too much power. Regardless your feelings on ESG, Blackrock pretty much made every company in the US kowtow. That's too much power for any one company to have...