Patrick Bet-David:
“88% of the companies on S&P 500, the largest shareholder is either State Street, BlackRock or Vanguard.”
“How big is BlackRock? $10 trillion. … Only two countries have a bigger GDP than BlackRock has assets under management, US and China.”
“They have the kind of control that can make companies fire boards, replace CEO’s, replace leaders they don’t like….”
“Larry Fink, the guy running BlackRock is really the president of the United States.”