I quickly found reading the whole thing a waste of time.
The three largest asset managers — BlackRock, Vanguard Group, and State Street — collectively own about 22 percent of the average S&P 500 company...
The rest reads like he has no idea of what he's talking about, but tried very hard to educate himself from the materials he was provided by...asset managers.
Conclusion:
Understanding contemporary capitalism requires paying as much attention to its novel oddities as to its myriad continuities. Capitalizing on opportunities to change it for the better will almost certainly require much the same.
This reminds me a of a Dave Barry joke about what writing goes into freshman term papers:
"Structuralized functionalism is both a continuation of, and a departure from, functionalized structuralism."
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[ 1.7 ms ] story [ 10.5 ms ] threadThe three largest asset managers — BlackRock, Vanguard Group, and State Street — collectively own about 22 percent of the average S&P 500 company...
The rest reads like he has no idea of what he's talking about, but tried very hard to educate himself from the materials he was provided by...asset managers.
Conclusion:
Understanding contemporary capitalism requires paying as much attention to its novel oddities as to its myriad continuities. Capitalizing on opportunities to change it for the better will almost certainly require much the same.
This reminds me a of a Dave Barry joke about what writing goes into freshman term papers:
"Structuralized functionalism is both a continuation of, and a departure from, functionalized structuralism."