They have an immense about of power because they manage tens of billions of dollars worth of pension funds and 401k. That kind of money can make or break stocks.
That gives Vanguard and Blackrock, and the guys who manage them, immense power. They can move stock prices on their own.
How does everyone reconcile his Blackrock connection?
They have an immense about of power because they manage tens of billions of dollars worth of pension funds and 401k. That kind of money can make or break stocks.
That gives Vanguard and Blackrock, and the guys who manage them, immense power. They can move stock prices on their own.