> "The firms involved in the journey made profits of $151bn and had a median return on capital of 29% last year. An equally weighted basket of their shares—call it the monopoly money portfolio—beat global stockmarkets by 484% over the past decade. Collectively, 17% of the companies’ shares are owned by just three investment mega-managers, BlackRock, Vanguard and State Street."
If these were a nation-state they would rank in the Top 10, yes? Top 20 at the least?
With money comes power. With power the drive to maintain that power.
Where there is anti-West sentiment, these outfits should be very concerned. As should the rest of us, as it is the rest of who will fight their battles / wars, if history repeats itself.
If these were a nation-state they would rank in the Top 10, yes? Top 20 at the least?
With money comes power. With power the drive to maintain that power.
Where there is anti-West sentiment, these outfits should be very concerned. As should the rest of us, as it is the rest of who will fight their battles / wars, if history repeats itself.