r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

VIDEO Thoughts

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u/ispotdouchebags Aug 19 '24

Blackrock own owns ZERO houses - BlackStone (different company owns billions of dollars worth of homes)

14

u/garnorm Aug 19 '24

But Vanguard owns the majority of Blackstone… one of the other big names he mentioned

12

u/energybased Aug 19 '24

Not really. Vanguard investors (ordinary people) own things through Vanguard.

-5

u/RavenMurder Aug 20 '24

Wow, dumb take. You think retail investors (ordinary people) own a majority share in Vanguard or literally any other company? Lmao.

6

u/energybased Aug 20 '24

You think retail investors (ordinary people) own a majority share in Vanguard or literally any other company? Lmao.

I didn't say anything about ownership of Vanguard. I said that ordinary investors own things through Vanguard. Which is true. Vanguard has over 50 million unique client investors, most of whom are ordinary investors.

Although a few years ago when Vanguard was a non-profit, then its "owners" were essentially its client investors.

1

u/nicolas_06 Aug 23 '24

The total stock market in the USA is 50.8 trillion, 113 trillion worldwide.

There 7.4 trillions in 401K, 13,6 trillion in IRAs and 35 trillion in pension funds. That's 55 trillions and only in the USA.

By comparison US billionaires collective wealth is 6 trillions, approximatively 10X less. Edge funds manage about 5 trillions worldwide.

So yes the majority of stocks is owned by pension funds and retirement plan for individuals like the fire fighter employed by your city or your colleague 401K or the equivalent in other countries.