Comments by "Me, Myself and I" (@me-myself-i787) on "Addressing the Blackrock/Vanguard Situation" video.

  1. ​ @SamAronow Pushing for stricter zoning rules and contesting planning permission applications.
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  2. ​ @sor3999 No, people invest with them because it's the cheapest, easiest way to invest into an index. People who want active management invest into Berkshire Hathaway. Buying and selling 500 shares yourself to make your portfolio match the S&P 500 would be more expensive and more difficult than just using an index fund made by BlackRock or Vanguard.
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  3. People could always just invest their money directly. But instead, they chose to go through a middleman and allow them to vote on their behalf.
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  4. 7:15 But MSCI doesn't publish the composition of their indicies, so BlackRock could easily omit some stocks from the index and no-one would know.
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  5. Like he said, for most of their assets under management, they have to track an index so they don't have control, and they only hold a minority stake in most of the companies they invest in so they don't have that much voting power, and they have recently started passing their voting power on to their investors.
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  6. "No one should have to work longer than they want to." - Larry Fink, 2024 Annual Chairman's Letter to Investors Companies pander all the time. It's not some sort of secret conspiracy to rule the world. But what Larry Fink said is stupid.
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