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> Vanguard is now cannibalizing US real estate rather than making venture capital available to small businesses and startups in its insatiable hunger for profit
by ac29 1y ago
> Vanguard is now cannibalizing US real estate rather than making venture capital available to small businesses and startups in its insatiable hunger for profit.
I'm not sure you understand what Vanguard does. They are not an investment bank nor a VC firm. They run mutual funds and ETFs, so the assets that "Vanguard" owns are owned by the fund holders (in fact in the case of Vanguard, the fund holders also own Vanguard itself).
- justinrubek 1y agoIt doesn't seem like this is strictly a contradiction. It could easily be smoke and mirrors if the end result is the same.