$15 Trillion Money-Making Machine | How BlackRock Became Too Powerful to Ignore
A Think School case study on how BlackRock grew into an asset manager the narrator says controls over $15 trillion. He follows Larry Fink's career from mortgage-backed securities through the Aladdin risk system and the purchase of iShares, and ends with a warning about the line between good and bad capitalism. Sponsor: Vested, a platform for investing in US stocks from India, named in a mid-roll read and in the description. PARTIAL COVERAGE: this note covers the opening, the Vested sponsor read, the mortgage-bond explanation, the Aladdin and crisis section, the iShares and ETF section, and the closing, and does not cover every part of the roughly 20 minute video. Ownership percentages, asset figures and claims about intent are the narrator's own and are not independently checked, and the narrator's political opinions are his own. This is a summary, not financial, investment or tax advice, and the sponsor read is an advertisement.
Executive Summary (TL;DR)
A Think School case study on how BlackRock grew into an asset manager the narrator says controls over $15 trillion. He follows Larry Fink's career from mortgage-backed securities through the Aladdin risk system and the purchase of iShares, and ends with a warning about the line between good and bad capitalism. Sponsor: Vested, a platform for investing in US stocks from India, named in a mid-roll read and in the description. PARTIAL COVERAGE: this note covers the opening, the Vested sponsor read, the mortgage-bond explanation, the Aladdin and crisis section, the iShares and ETF section, and the closing, and does not cover every part of the roughly 20 minute video. Ownership percentages, asset figures and claims about intent are the narrator's own and are not independently checked, and the narrator's political opinions are his own. This is a summary, not financial, investment or tax advice, and the sponsor read is an advertisement.