
Are ETFs Killing Future Stock Market Returns?
Trillions
Is There a Public Policy on Common Ownership?
There are policy proposals. I'm saying I have not myself endorsed any or made any, but in the legal scholarship,. The journals are full in the last five years of policy proposals that go from taking voting rights away from index funds to providing a safe haven for investors who hold less than 1% of all the firms. So other people have made these proposals and I haven't. But there's much more low hanging fruit. Why why do we focus on the black rocks and the vanguard of this world? Nobody raises an eyebrow about Berkshire Heatherway buying 15% in the competing airlines. Bill Gates, family office buying 30% stakes in the publicly traded waste management companies. We don't have
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