4 ms·

When vanguard and blackrock are drawn and quartered for their defacto-legal-global monopolies... It's absolutely insane the % of global resources are controlle

When vanguard and blackrock are drawn and quartered for their defacto-legal-global monopolies... It's absolutely insane the % of global resources are controlled by so few.

klipt 3y ago
You know Vanguard manages millions of people's retirement accounts and pensions right? It's not all controlled by a single trillionaire.
- samstave 3y ago
  Yes I'm very familiar with their holdings, it's super well documented all over the place.. in fact, you'd be ignorant to not know much about them
  - klipt 3y ago
    So why you want people's retirement funds to be "drawn and quartered"? Do you want all retirees to die in poverty, or just the ones who opened a Vanguard IRA account for their retirement savings instead of a Fidelity IRA account?
    - samstave 3y ago
      Why are you only focused on "old peoples retirement" as an aspect of what these companies have controlling % in. Just because these are the biggest funds on earth, does not make them some beautiful steward of your retirement.
      - klipt 3y ago
        Vanguard is a co-op that's owned by its funds which in turn are owned by present and future retirees. Instead of investing in individual stocks like Microsoft, Vanguard's index funds make it easy to invest in e.g. an index of all US stocks, which is less volatile. What exactly is it you find so sinister about index funds? And why do you think Vanguard (a co-op) is worse than Fidelity (a publicly traded company which also provides similar retirement index funds)? Is it just because Vanguard's funds are more popular and therefore bigger?
        samstave 3y ago
        Just because you making money, does not mean you're a good person, or a good company.
  - ericjmorey 3y ago
    You say you're familiar, yet you make odd statements as though you're not familiar at all.
    - taylodl 3y ago
      The statements are only odd to those who understand how things actually work.

When vanguard and blackrock are drawn and quartered for their defacto-legal-global monopolies... It's absolutely insane the % of global resources are controlled by so few.

klipt 3y ago

You know Vanguard manages millions of people's retirement accounts and pensions right? It's not all controlled by a single trillionaire.

samstave 3y ago
Yes I'm very familiar with their holdings, it's super well documented all over the place.. in fact, you'd be ignorant to not know much about them
- klipt 3y ago
  So why you want people's retirement funds to be "drawn and quartered"? Do you want all retirees to die in poverty, or just the ones who opened a Vanguard IRA account for their retirement savings instead of a Fidelity IRA account?
  - samstave 3y ago
    Why are you only focused on "old peoples retirement" as an aspect of what these companies have controlling % in. Just because these are the biggest funds on earth, does not make them some beautiful steward of your retirement.
    - klipt 3y ago
      Vanguard is a co-op that's owned by its funds which in turn are owned by present and future retirees. Instead of investing in individual stocks like Microsoft, Vanguard's index funds make it easy to invest in e.g. an index of all US stocks, which is less volatile. What exactly is it you find so sinister about index funds? And why do you think Vanguard (a co-op) is worse than Fidelity (a publicly traded company which also provides similar retirement index funds)? Is it just because Vanguard's funds are more popular and therefore bigger?
      - samstave 3y ago
        Just because you making money, does not mean you're a good person, or a good company.
- ericjmorey 3y ago
  You say you're familiar, yet you make odd statements as though you're not familiar at all.
  - taylodl 3y ago
    The statements are only odd to those who understand how things actually work.