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Politics vs Economics: What Politicians Misunderstand About Markets

Many Happy Returns

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BlackRock's Voting Choice Policy

The idea that BlackRock owns everything is a trope, isn't it? I see that all the time as a misunderstanding, primarily on the left. They've misunderstood what this is. We're always pulling our money to own the companies, right? Vanguard is even owned by its investors. That's how it's structured. It is kind of a socialist enterprise in a way, Bernie. Except your vote doesn't really count if you own the stocks via BlackRock. But for the time being, Bernie's got a point.

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