10 months ago
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The Tall Lipless Guy Who Runs The Damn World -- Larry Fink & BlackRock
Meet Laurence Douglas Fink, also known as Larry Fink, the current chairman and CEO of BlackRock, the world's largest asset management firm. In this gripping video, we take you on a journey into the vast reach and impact of BlackRock, a financial titan that holds the key to shaping economies and the world. We will unravel the Dominator that is Larry Fink, the mastermind behind this financial empire. You'll be able to understand how BlackRock managed to become this powerful under Fink's management while keeping it low.
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I hope this isnt the kind of content that continues to gain traction here.
Blackrock is an asset manager. They don't own the assets they manage, nor do they define the mandates under which capital is deployed. Ex: a state pension fund will use Blackrock funds as Lego blocks for a portfolio. Blackrock gets a few basis points of management fees (since this is the race they won - the race to the bottom). Its one of the the most boring industries in the world of finance.
Aladdin is portfolio management software. That section is akin to raging against Excel or a Bloomberg Terminal, what an utterly misinformed video.