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It's not just PE either. Collectively, Vanguard, State Street, and BlackRock own 28% of the SP500's market cap and one of the three are the majority shareholde
by DebtDeflation 3y ago
It's not just PE either. Collectively, Vanguard, State Street, and BlackRock own 28% of the SP500's market cap and one of the three are the majority shareholder in 88% of the SP500.