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Billionaire Investor Charlie Munger: Maybe We Can Make Larry Fink And The People At Vanguard Pope
Reporter: "What impact has passive investing had on stock valuations?"
Charlie Munger: "That’s another thing that’s coming. We have a new bunch of emperors. They’re the people who vote the shares in the index funds. Maybe we can make Larry Fink and the people at Vanguard Pope."
"All of a sudden, we’ve had this enormous transfer of voting power to these passive index funds. That is going to change the world. I don’t know what the consequences are gonna be, but I predict it will not be good. I think the world of Larry Fink, but I’m not sure I want him to be my emperor."
✳️ Watch - BlackRock CEO Larry Fink: Nationalism Is Rising, Globalization Is Being Thrown Into Question - HERE: https://rumble.com/v1kqm53-blackrock-ceo-larry-fink-nationalism-is-rising-globalization-is-being-throw.html
✳️ Watch - Larry Fink And Bill Gates On The Path To Net Zero - HERE: https://rumble.com/v1kqdlb-larry-fink-and-bill-gates-on-the-path-to-net-zero.html
✳️ Watch - BlackRock CEO Larry Fink Says He Believes In Forcing Behaviors - HERE: https://rumble.com/v1kqcgv-blackrock-ceo-larry-fink-says-he-believes-in-forcing-behaviors.html
✳️ Watch - BlackRock - The Company That Owns The World? - HERE: https://rumble.com/v1kq9lj-blackrock-the-company-that-owns-the-world.html
✳️ Watch - Blackrock CEO Larry Fink: "Markets Like Totalitarian Governments" - HERE: https://rumble.com/v1amm3p-blackrock-ceo-larry-fink-markets-like-totalitarian-governments.html
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