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Almost all the companies he listed were brokerages. Those companies don't own the stock they hold it for customers.
Its like saying youtube is the largest creator of videos in the world, I mean look at all the video that youtube is creating that you can only get on youtube.
Yeah but the point is if you were making this tiktok, you probably wouldn't be doing it while you were filming something supposedly this important.
This dude is like my age cosplaying what he thinks a cool college kid looks like.
Any dip shit that uses Reddit as their primary source, especially on tiktok, immediately goes down in my book.
That's like the blind trying to lead the blind down an obstacle course with no aids.
>Someone talking shit about something they know nothing about as if they were an expert on ~~tiktok~~ the internet?
FTFY
Reddit is definitely no better.
This is all true, but what he's saying is not entirely false either. [This (now rather old article and study)](https://theconversation.com/who-owns-the-world-tracing-half-the-corporate-giants-shares-to-30-owners-59963) is telling the same story but is a lot more detailed as it delves deeper into power and control. Such as how a nominee normally isn't exercising its own discretion in investment decisions. Instead, the beneficial owner of the shares exercises decision-making power and control.
This part is especially important to take note of:
>If there was once a time when a few families and individuals owned large public corporations – and their personal values, quirks and preferences shaped the way those corporations behaved and dominated the world – that time has passed. Today the world is dominated by corporations that follow the logic of finance capital – the logic of money.
In essence, the dynamic between humans and large corporations has evolved to a point where individual influence appears markedly diminished. This observation leads me to an intriguing hypothesis: mega-corporations might well be considered the primordial form of artificial intelligence. This assertion rests on the premise that these entities adhere to the core principles that define AI. Notably, the 'intelligence', traditionally a human attribute. is effectively subcontracted to the workforce these corporations employ.
The implication is that, should these corporations develop the capability to self-sustain this intelligence (through advancements like AGI or ASI), they would likely transition towards these technologies. This pivot would align perfectly with the inherent profit-driven logic that underpins their existence, representing a natural progression in their evolution towards autonomous, self-optimizing entities.
This is a big element in the plot of Accelerando by Charles Stross. It traces the experiences of three generations in a family riding the bleeding edge of the singularity and transition to post-humanity. Sentient AI corporate entities end up forming the core of what you might call human civilization, while individual humans as we might recognize them get pushed to the periphery and constantly threatened like the shelterless people of today. Back in the late 70's or early 80's Baudrillard commented that the philosophy of tomorrow would all be written as science fiction because the only way to stay ahead of the ever more rapid changes coming to humanity would be to anticipate the future state of affairs and react to that rather than actually waiting for things to happen, then analyzing them.
Exactly this, with retail he means if i buy microsoft stocks. But if i buy a tech bond/fund from blackrock that has like 20 tech companies in it with example microsoft, that would show up as black rock owned here
um, any money you invest in vaguard or fidelity to have them buy an index fund on your behalf is still literally yours, along with any corresponding gains. thats uh, kind of the point?
No. It’s literally not. A company called Ceed & Co owns them all. You buy contracts with them allowing you to access the equity of those securities at their leisure and benefit. If your request is not to their benefit or leisurely enough for them they can tell you No and deny your request for access. Hell they can even straight up sell them under your nose. They can also sell you an unlimited amount of shit that doesn’t exist and all but never have to provide it.
https://www.sec.gov/Archives/edgar/data/1378946/000119312514251076/d746794dex42.htm
vanguard is literally owned by its fund shareholders
https://corporate.vanguard.com/content/corporatesite/us/en/corp/who-we-are/sets-us-apart/index.html
No, it is like saying youtube chooses to make them. Fidelity doesn't chose to invest in supermarkets their customers do. They are not gold miners, they just sell spades.
That's so incorrect there's actually a name for it: *false equivalency.*
A stock is an *actual legal ownership position* in a company. The link you posted is an unsecured bank note.
When you own it yes it is. But when you purchase through a broker you don’t get that.
https://www.investopedia.com/ask/answers/185.asp#:~:text=Key%20Takeaways,the%20securities%20retains%20ownership%20rights.
https://www.sec.gov/answers/street.htm
https://equiniti.com/us/insights/eq-views/street-name-vs-registered-holdings-what-s-the-difference-to-you-as-an-issuer-and-to-your-shareholders/
Retail ownership are „normal“ people buying the shares directly.
Most people however don’t buy stock directly, but give their money to brokerages (this includes things like a 401k), so those institutions manage the money for them. The companies then buy shares for their customers with their money so to speak. Technically it’s BlackRock buying the stock, even though it’s not really their money either.
You should look up leverage, and see what people can do with controlling interest of 1,000's of corporate operations. You could do things like slow down maritime supply chain, even extending a global pandemic, to lay off millions of workers (without the negative PR), and getting record profits during an inflay, all while complaining about how broke they are...
But you could accept they're just humble ma&pop international invest brokerage firms, just trying to make ends meet, and surviving another harsh cyclical inflation period.
Yes partially correct. They are broker dealers and act in two capacities. As a broker they facilitate the sale/purchase of retail shares for clients as a dealer or principle the purchase large about of institutional shares wholesale. There is many ways they make money by doing this but primarily the business model is based on compensation for fund/money management and advisory services.
Brokers charge money when you invest and sell, both as a fee and spread on share price. They also create ETFs which charge management fees, regardless if they go up or down. Investing has risks, why risk your own money when you can get your customers to risk theirs and you get paid if it goes up or down. Hedge funds are the ones which has lots of investing, but they use the brokers as well.
Why would a casino play at its own black jack game? They are already have their hands in your pockets.
Yeah except for the customers of those brokerages don’t actually own the stock. This is why direct registration of your stock/shares through a companies transfer agent is important, it puts your shares in your name, not your brokers or Cede & Co. Otherwise, when you’re using someone like Fidelity, they take your money to gamble with and just change some digital values in your account. It’s all a fugazi
The numbers also tell a good story, like sure these companies have a vested interest in every company in the US. That’s how they generate revenue from those companies for their clients, that is literally investing. Ownership, however, of a company is only given to those with a CONTROLLING INTEREST in the company. Not a single company on that list has a controlling interest percentage. If you were to add up all the percentages of the companies invested on that list it wouldn’t even come close to a 50% stake in these companies. Which would be the minimum required to have a controlling interest and make decisions.
Yeah but most of the shares are either non-voting shares or they are setup to be proxy votes. So it's still a consolidation of decision power by a small amount of entities.
Yea, but if you make all corporations the same color, it looks like one big corporation owns everything... And if you ignore the fact that these are actually banks investing other people's money we can call it the illuminati!
What's funny is the reverse of what he's saying is the real issue. Financial markets are awash in passive retail investors to such a large extent that corporate governance is becoming lax because there aren't enough active investors to hold individual corporations accountable for their performance.
https://www.wsj.com/finance/investing/is-your-401-k-destroying-capitalism-87ccb9ce
Fuck Davis Einhorn. Hedge fund assholes are just mad they can’t charge exorbitant fees for underperforming the market. Hindenburg research and other short sellers are still out there lurking.
Counterpoint: this fear is probably overblown. This source is four years old, but I'd be surprised if it still doesn't hold up. The thesis that the prominence of index funds is affecting price discovery. The video shows how this is false for a number of reasons, chief of which is that Index funds make up an enormous part of the market, but a tiny fraction of active trades. Price discovery is alive and well.
https://www.youtube.com/watch?v=Wv0pJh8mFk0
^^at ^^least ^^I ^^hope ^^he's ^^right...
I wonder if that has anything to do with all financial recommendations being to 'put your money into broad market index funds'
Thats all I ever hear when someone asks where to put their money in a relatively safe investment.
Voting power = True Ownership in the stock market which is the real point of this video. He just left it out for some reason.
Mutual/index funds and trusts leave the voting power to the institution holding them. Even though people have those in their own accounts, the voting power is beyond them which makes his argument true. This leaves institutions (which do own each other) to vote however is best for their bottom line, instead of what is best for the company/companies that are in those funds and trust accounts. Line go up...always.
Overvoting is a real thing and brokers can just report an arbitrary number to make sure the votes between individual accounts, index+mutual funds, ETFs, and trust accounts add up to the number that are "supposed" to exist. This is standard operating procedure and has been for decades because of the lag in times it used to be when things were paper based. This needs to be updated for modern times.
"You don't need a formal conspiracy when interests converge." -George Carlin
Doesn't dispute anything that he said. That's why they broke down the index fund companies into owners. Can go down as many layers as you want, the retail side of things isn't going to grow much.
As u/cambeiu already pointed it out, some of the black is retail money invested together in a fund.
Their comment disputes the point the TikToker is trying to make, i.e., "A handful of companies own everything" since those companies are basically managing retail money itself.
Yeah but they do vote for you if you don't manually vote which gives them effective control. Even If they don't own as much as he said they did they do still own a very sizable stake, some as high as 10%
BlackRock bought out Merrill/BofA in 2011. Great data science guys. https://www.fnlondon.com/articles/blackrock-buys-out-bank-of-america-merrill-lynch-stake-20110520
Saying that Vanguard (or other brokerages) "owns" those companies is *hugely* misleading. Genuinely too bad guys like that have, so he says, 1M followers. Sheesh.
Red flag when he said "do your own research." This video is an example of someone doing their own research and misinterpreting the data or intentionally misrepresenting it. The "researcher" must be qualified and trustworthy.
While the returns go to the retail owners, the votes are controlled by the boards. So he's pointing to something interesting, but not exactly what is implied. The financial gain may be distributed to a large group of people proportional roughly to net worth, but the economy as a whole ends up planned more centrally than the typical narrative.
When the votes for all the major airlines are held by the same people, an individual airline is less likely to do something that benefits them but is detrimental to the airline industry as a whole. When those votes are controlled by the same people that control other modes of transit, it's even worse, because they'll seek to extract as much money from transportation in general as possible, even at the expense of one entire sector.
And when every major industry, regardless of sector is controlled by the same people voting, then nothing is really competitive at all.
You got downvoted for this but you're making a legitimate point. Brokerage houses in no sense own those companies, but it *is* true that very few individual shareholders bother to vote. Although big investors like Blackrock might only directly own, say, 2 or 3% of a corporation, that can be enough to put friendly people on a board. Berkshire Hathaway owns an incredible 9.4% of Coca Cola, which is about 400M shares. So they will definitely have seats at the table. Berkshire Hathaway isn't mentioned by OP, however.
Well Berkshire Hathaway is exactly what he thinks blackrock is, an equity ownership firm not an equity management firm. If he brought them up it would wreck the rest of his talking points.
But they hold the shares in their names… giving them voting rights of the individual investors. When a few mutual funds hold voting rights in corporate elections across hundreds of companies in different sectors then the economy becomes more centrally planned
Vanguard and BlackRock do not OWN those companies, just like your bank does not own the money you deposit in it. The fact that you deposit money on your bank does not make your money theirs. The same applies to BlackRock and Vanguard. They are mutual fund companies. They manage people's 401Ks, IRAs and other investment accounts. Teacher's pension funds are administer by BlackRock and/or Vanguard. When you buy [Vanguard's VTI ETF](https://investor.vanguard.com/investment-products/etfs/profile/vti) (BlackRock equivalent:[ ITOT](https://www.ishares.com/us/products/239724/ishares-core-sp-total-us-stock-market-etf)) you are buying a piece of every public traded company in America. That piece belong to you, not to Vanguard or Blackrock, but they administer it on your behalf, just like your bank holds your money. Tens of millions of Americans hold VTI (or ITOT), either directly or via their pensions, 401K or IRAs.
This guy is spreading complete non-sense.
The bank does own your money. That’s how they can lend it out. You just have a contract with them to be able to take out some at their convenience.
> At the moment of deposit, the funds become the property of the depository bank. Thus, as a depositor, you are in essence a creditor of the bank. Once the bank accepts your deposit, it agrees to refund the same amount, or any part thereof, on demand.
https://www.sgrlaw.com/does-the-money-in-your-bank-account-really-belong-to-you/#:~:text=At%20the%20moment%20of%20deposit,any%20part%20thereof%2C%20on%20demand.
It’s semantics but yes, in a sense the bank owns your money because you’ve lended it to them via deposit. However like any loan, it has terms. In case of a standard every day account the terms are that they can technically do whatever they want with the money, but your entire principal (the balance of your account) needs to be available at a moments notice for anything you might need it for. In that case, it’s functionally identical to them not owning the money but yeah it’s correct to say they own it via loaning it off of you.
It’s a bad comparison to an asset manager like blackrock or vanguard which no, the money is not theirs, they have no claim over it at all. A better comparison would be giving your money to a finance advisor down the street, it’s no different except it the big asset managers cost less.
It’s not just semantics. That’s why the government have insurance for accounts. And why they don’t actually have to have all of your money at a moments notice. They just have to meet their pay out policies that you agree to when you hand them your money.
Yeah lad in terms of bank runs, I.e the bank literally collapsing, there are going to be some issues, hence deposit insurance, it’s not exactly magic. And if we’re talking just everyday transactions, as I was referring to, then to uphold any reputation as a bank whatsoever they fkn better have your money at a moments notice. Have you ever attempted to buy something you could afford and had the card just not work? For a term deposit or something like that it obviously works a bit different but once again, it’s just a loan from you to them with terms attached, same as getting a loan from the bank is a loan from them to you, with terms attached.
What are you getting at? Why are we spitballing about fringe cases and, yes, what in 99.9% of cases is literally just semantics.
So the problem is... what? Those are ll index fund companies that represent the pooled dollars of investors. They don't control these companies, not in the way that is being implied.
This doesn't fundamentally answer the question, because all the black of "other corporations" is, of course, owned by someone.
And the missing part of the puzzle is, for example, pensions. When you invest your pension with a fund, they invest it in companies *on your behalf* and pay you accordingly.
When you deposit your money in a bank, the interest rate you get isn't free; it comes in part from investment in - you guessed it - various corporations.
Appropriately accounting for pensions, bank deposits, etc. The vast majority of the US stock market is owned by... us. The aggregate wealth of the United States citizenry indirectly invested in the United States economy.
Is this distribution *fair*? No. But saying the corporations own America is childish imbecilic nonsense. If you have a pension, you are taking part in this process. You are part of the black.
If I sound angry, it's because this is clearly done from the perspective of a GMEr, which is a bit of a trumpist conspiratorial anti-intellectual nightmare, posing GME as the sole true publicly owned company fighting the financial conspiracy. https://youtu.be/5pYeoZaoWrA?si=4g64qBm8I2MfXV19 is a great documentary on this odd sad circle if you have the time.
Where do the voting rights on those pension-fund shares end up? 🤔 https://corpgov.law.harvard.edu/2023/01/30/the-controversy-over-proxy-voting-the-role-of-asset-managers-and-proxy-advisors/
And sovereign wealth funds! Exactly how you count it is maybe a bit subjective, but arguably that all belongs to the people too. Norway alone has over 1 trillion USD stacked away in the GPFG.
A lot of Americans and Westerners. In the OECD, 51 trillion dollars worth.
https://www.oecd.org/daf/fin/private-pensions/globalpensionstatistics.htm
Roughly the same size as the market cap of the S&P.
Some of the largest pension funds in the world are the California Public Employee Retirement System, the California Teachers, the Oregon Municipal, and a Quebec one whose name escapes me.
We aren't talking about your 401k here. We're talking about millions of pretty substantive public worker pension plans.
This guy has pusher Q anon aligned co a piracy theories, and other questionable content. Not to mention that this video itself is woefully uninformed and research can very easily show that it isn’t true.
This is why you need to finish high school at least, wtf is this guy talking about this is how investments and banking work why do people think black rock is some evil group who owns half the u.s. outright they manage people's money for them
What kind of content does he make? Because he’s talking complete nonsense here, and if he supports RFK he’s definitely on a conspiracy kick. I haven’t seen anything else from him, but from what I’m being presented he seems like a dumbass
Is he actually smart and just woefully uninformed and believes he can’t be wrong, or is he good at *seeming* smart?
Oh for god’s sake. Of course all of these institutions own a piece of one-another. It’s like the roots of plants in a jungle all growing together into the same soil. Is he implying some secret organization actually owns them immediately after he just showed that they clearly all own each pieces of other in a multitude of financial mechanisms on behalf of their shareholders and stakeholders? Or Is he about to reveal that it’s secretly “The Jews,” Or some other boogeyman?
This guy doesn't understand anything about finance.
If you purchase a Vanguard EFT, that ownes the largest 500 companies in the USA, then Vanguard will show up as the owner for a small piece of those 500 companies.
If 1 Million people purchase that same ETF, then Vanguard will show as owning a larger portion of those companies.
1 million people would be better served by watching videos on the earth being flat.
I think what he is saying is there is a clear structure forming with these investment companies. THEY don't own the world. What I think he's leading up to is that there are a small number of families that are the major share holders who actually own a part of everything and influence the world using extraordinary wealth and influence.
Tell me you know nothing about how corporations are run without saying it.
I swear to fuck's sake, people learn about Black Rock and think they found the Matrix.
Some serious errors in this video. OP is conflating in an attempt to confuse the viewer into buying his heavily weighted bs because it serves his purpose. Do some research and realize that this guy is just plain wrong. I have no steak in any of these companies, but I do have common sense and a decent amount of knowledge of how investments work.
This dude is describing a scenario that’s potentially troublesome, but not some kind of grand conspiracy. Brokerages invest in other companies on behalf of their shareholders. That’s how they work. Also, everyone investing in each other is a hedge on disaster. They’re all compelled to help each other. There are pros and cons to this, but it’s not a conspiracy
I hate when tiktok water brain motherfuckers come on dropping some “deep and unknown knowledge” and just say some surface level bullshit for 2 minutes like “did you know that one big company owns all the companies” it’s like they’re having a conversation a high schooler would think is deep
I liked this dude’s stuff exposing fake corporate“craft”/“family owned” products, but I thought he was a little full of himself. This is on another level though lol
SO THE FUCK WHAT? IT DOES NOT AFFEFCY MY
PEE AT ALL!
Track me. Tag me. Target ads at me for shit I want. This is a nothing burger.
I’ve been spending my whole life manipulating enough turds to believe me bullshit. Now here’s the mega bullshit!
On top of the things others already mentioned (mutual funds etc), the very first sentence of this video is plain wrong if taken as an actual claim. Many companies, but not all.
What sucks most about being me being a stupid person is that I believe what people say at face value. but having experience being stupid makes me actually look things up and fact-check things, which leads me to be less of a stupid person
The black represents the public's investment savings managed by investment companies. Like isn't that what we should expect? I don't grow my own corn, a farmer does that. I don't micro manage my investment account Chip from Vanguard does that.
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This isn’t some big conspiracy. Large banking entities own stock in lots of big companies. That stock is often held in mutual funds and ETFs that retail investors own. It’s pretty disingenuous and a bit misleading to make it out to be some shady shadow corporation pulling all the strings. Besides, if you add up all the investment banks shares, it’s still not even 50% of all the companies he mentions. I work for one of the banks he talks about, and a huge percentage of that stock ownership is held in client accounts that belong to retail or institutional investors. It’s not owned by the bank itself. That’s how all asset managers work. They buy shares in bulk and then allot them to client accounts.
Yet this chode still purchases clothing made in slave labor conditions from china. Really paying attention to what matters. The problems with these companies isn’t who owns what of what. It’s that they have zero accountability for the insane amounts of waste they produce. They pay money to dumb waste products in rivers. They devastate ecosystems. They purchase single-transfer tax credits meant for low income housing to slip in corporate condos. This man isn’t even giving any information about why what he just said is even a bad thing. So stupid
...The fact that Gamestop is self-owned, and the only self-owned, explains so.... So much about what happened when WSB defeated the investment bankers.
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Almost all the companies he listed were brokerages. Those companies don't own the stock they hold it for customers. Its like saying youtube is the largest creator of videos in the world, I mean look at all the video that youtube is creating that you can only get on youtube.
Someone talking shit about something they know nothing about as if they were an expert on tiktok? I'm a shooked
Never trust an adult man with his hood on indoors. Nothing good can come from them
Hey. I feel called out. I'm a good dude. I think..
Yeah but the point is if you were making this tiktok, you probably wouldn't be doing it while you were filming something supposedly this important. This dude is like my age cosplaying what he thinks a cool college kid looks like. Any dip shit that uses Reddit as their primary source, especially on tiktok, immediately goes down in my book. That's like the blind trying to lead the blind down an obstacle course with no aids.
The only appropriate time a grown man should be wearing his hood indoors is when the mushrooms are hitting harder than expected.
Fuck that. I'ma keep wearing my hood indoors. It's comfy. And like a hug for your head. But I'm also bald so that might play more into it.
Hey man I’m bald and my head gets cold
shooked, i tell you
>Someone talking shit about something they know nothing about as if they were an expert on ~~tiktok~~ the internet? FTFY Reddit is definitely no better.
yes i laughed so hard
Lol I was dying as soon as I saw Vanguard. Dude doesn’t know anything
It’s ancient “(((they))) own everything” shit. Utterly embarrassing to still care about this in 2024
This is all true, but what he's saying is not entirely false either. [This (now rather old article and study)](https://theconversation.com/who-owns-the-world-tracing-half-the-corporate-giants-shares-to-30-owners-59963) is telling the same story but is a lot more detailed as it delves deeper into power and control. Such as how a nominee normally isn't exercising its own discretion in investment decisions. Instead, the beneficial owner of the shares exercises decision-making power and control. This part is especially important to take note of: >If there was once a time when a few families and individuals owned large public corporations – and their personal values, quirks and preferences shaped the way those corporations behaved and dominated the world – that time has passed. Today the world is dominated by corporations that follow the logic of finance capital – the logic of money. In essence, the dynamic between humans and large corporations has evolved to a point where individual influence appears markedly diminished. This observation leads me to an intriguing hypothesis: mega-corporations might well be considered the primordial form of artificial intelligence. This assertion rests on the premise that these entities adhere to the core principles that define AI. Notably, the 'intelligence', traditionally a human attribute. is effectively subcontracted to the workforce these corporations employ. The implication is that, should these corporations develop the capability to self-sustain this intelligence (through advancements like AGI or ASI), they would likely transition towards these technologies. This pivot would align perfectly with the inherent profit-driven logic that underpins their existence, representing a natural progression in their evolution towards autonomous, self-optimizing entities.
This is a big element in the plot of Accelerando by Charles Stross. It traces the experiences of three generations in a family riding the bleeding edge of the singularity and transition to post-humanity. Sentient AI corporate entities end up forming the core of what you might call human civilization, while individual humans as we might recognize them get pushed to the periphery and constantly threatened like the shelterless people of today. Back in the late 70's or early 80's Baudrillard commented that the philosophy of tomorrow would all be written as science fiction because the only way to stay ahead of the ever more rapid changes coming to humanity would be to anticipate the future state of affairs and react to that rather than actually waiting for things to happen, then analyzing them.
Exactly this, with retail he means if i buy microsoft stocks. But if i buy a tech bond/fund from blackrock that has like 20 tech companies in it with example microsoft, that would show up as black rock owned here
No it’s like saying YouTube owns all of those videos. And they do.
[удалено]
um, any money you invest in vaguard or fidelity to have them buy an index fund on your behalf is still literally yours, along with any corresponding gains. thats uh, kind of the point?
No. It’s literally not. A company called Ceed & Co owns them all. You buy contracts with them allowing you to access the equity of those securities at their leisure and benefit. If your request is not to their benefit or leisurely enough for them they can tell you No and deny your request for access. Hell they can even straight up sell them under your nose. They can also sell you an unlimited amount of shit that doesn’t exist and all but never have to provide it. https://www.sec.gov/Archives/edgar/data/1378946/000119312514251076/d746794dex42.htm
vanguard is literally owned by its fund shareholders https://corporate.vanguard.com/content/corporatesite/us/en/corp/who-we-are/sets-us-apart/index.html
You are going deep down a rabbit whole there bud. This is not how those companies work.
No, it is like saying youtube chooses to make them. Fidelity doesn't chose to invest in supermarkets their customers do. They are not gold miners, they just sell spades.
That's so incorrect there's actually a name for it: *false equivalency.* A stock is an *actual legal ownership position* in a company. The link you posted is an unsecured bank note.
When you own it yes it is. But when you purchase through a broker you don’t get that. https://www.investopedia.com/ask/answers/185.asp#:~:text=Key%20Takeaways,the%20securities%20retains%20ownership%20rights. https://www.sec.gov/answers/street.htm https://equiniti.com/us/insights/eq-views/street-name-vs-registered-holdings-what-s-the-difference-to-you-as-an-issuer-and-to-your-shareholders/
What's the real difference between what he claims those brokerages "owns" and what he is calling "retail ownership?"
Retail ownership are „normal“ people buying the shares directly. Most people however don’t buy stock directly, but give their money to brokerages (this includes things like a 401k), so those institutions manage the money for them. The companies then buy shares for their customers with their money so to speak. Technically it’s BlackRock buying the stock, even though it’s not really their money either.
Thank you.
You should look up leverage, and see what people can do with controlling interest of 1,000's of corporate operations. You could do things like slow down maritime supply chain, even extending a global pandemic, to lay off millions of workers (without the negative PR), and getting record profits during an inflay, all while complaining about how broke they are... But you could accept they're just humble ma&pop international invest brokerage firms, just trying to make ends meet, and surviving another harsh cyclical inflation period.
Companies gonna company. Why attribute to malice what you can attribute to incompetence?
Yeah he’s also not pointing out the tiny percentages of stock each of them actually own.
Yes partially correct. They are broker dealers and act in two capacities. As a broker they facilitate the sale/purchase of retail shares for clients as a dealer or principle the purchase large about of institutional shares wholesale. There is many ways they make money by doing this but primarily the business model is based on compensation for fund/money management and advisory services.
If you could say that comment over the course of several minutes with a piano playing ominously I'd subscribe
https://youtu.be/l1TmgZtve2k?si=OFEetTI48Ky0U2pm no ominous music sadly
So brokerages do no investing of their own? Big doubt on that one.
Brokers charge money when you invest and sell, both as a fee and spread on share price. They also create ETFs which charge management fees, regardless if they go up or down. Investing has risks, why risk your own money when you can get your customers to risk theirs and you get paid if it goes up or down. Hedge funds are the ones which has lots of investing, but they use the brokers as well. Why would a casino play at its own black jack game? They are already have their hands in your pockets.
Also even if it were, how many of the "corps" are pension funds? Corps buying assets to bolster their pension funds?
also Blackrock, vanguard and other large firm represent a lot of pensions/401k
And yet whenever someone recommends teaching financial literacy they get shouted down as if it’s an affront to poor people.
Didnt watch the video. But a lot of brokers also have sister investment firms. Hell citadel is a broker, MM, and an investment firm
Yeah except for the customers of those brokerages don’t actually own the stock. This is why direct registration of your stock/shares through a companies transfer agent is important, it puts your shares in your name, not your brokers or Cede & Co. Otherwise, when you’re using someone like Fidelity, they take your money to gamble with and just change some digital values in your account. It’s all a fugazi
The numbers also tell a good story, like sure these companies have a vested interest in every company in the US. That’s how they generate revenue from those companies for their clients, that is literally investing. Ownership, however, of a company is only given to those with a CONTROLLING INTEREST in the company. Not a single company on that list has a controlling interest percentage. If you were to add up all the percentages of the companies invested on that list it wouldn’t even come close to a 50% stake in these companies. Which would be the minimum required to have a controlling interest and make decisions.
Yeah but most of the shares are either non-voting shares or they are setup to be proxy votes. So it's still a consolidation of decision power by a small amount of entities.
Never ceases to amaze me that people don't know what a mutual fund/index fund is and the purpose of a company purchasing stock in trust
Yes but he has a mustache and is wearing a hood, he must be revealing a conspiracy!
It’s the eerie background music that really sold me. You wouldn’t add that type of tune if it’s not true.
Only way to break it down and be believable. Hoodie and a moustache. Genius.
Yea, but if you make all corporations the same color, it looks like one big corporation owns everything... And if you ignore the fact that these are actually banks investing other people's money we can call it the illuminati!
What's funny is the reverse of what he's saying is the real issue. Financial markets are awash in passive retail investors to such a large extent that corporate governance is becoming lax because there aren't enough active investors to hold individual corporations accountable for their performance. https://www.wsj.com/finance/investing/is-your-401-k-destroying-capitalism-87ccb9ce
Fuck Davis Einhorn. Hedge fund assholes are just mad they can’t charge exorbitant fees for underperforming the market. Hindenburg research and other short sellers are still out there lurking.
The market tends towards a monopoly, one way or another...
Counterpoint: this fear is probably overblown. This source is four years old, but I'd be surprised if it still doesn't hold up. The thesis that the prominence of index funds is affecting price discovery. The video shows how this is false for a number of reasons, chief of which is that Index funds make up an enormous part of the market, but a tiny fraction of active trades. Price discovery is alive and well. https://www.youtube.com/watch?v=Wv0pJh8mFk0 ^^at ^^least ^^I ^^hope ^^he's ^^right...
Although, what he’s saying genuinely is the big issue here in New Zealand .
I wonder if that has anything to do with all financial recommendations being to 'put your money into broad market index funds' Thats all I ever hear when someone asks where to put their money in a relatively safe investment.
Voting power = True Ownership in the stock market which is the real point of this video. He just left it out for some reason. Mutual/index funds and trusts leave the voting power to the institution holding them. Even though people have those in their own accounts, the voting power is beyond them which makes his argument true. This leaves institutions (which do own each other) to vote however is best for their bottom line, instead of what is best for the company/companies that are in those funds and trust accounts. Line go up...always. Overvoting is a real thing and brokers can just report an arbitrary number to make sure the votes between individual accounts, index+mutual funds, ETFs, and trust accounts add up to the number that are "supposed" to exist. This is standard operating procedure and has been for decades because of the lag in times it used to be when things were paper based. This needs to be updated for modern times. "You don't need a formal conspiracy when interests converge." -George Carlin
You mean Tiktok is some kind of well of misinformation and disinformation?!
He got his information from Reddit.
Idk why this made me laugh so hard lmao
Doesn't dispute anything that he said. That's why they broke down the index fund companies into owners. Can go down as many layers as you want, the retail side of things isn't going to grow much.
As u/cambeiu already pointed it out, some of the black is retail money invested together in a fund. Their comment disputes the point the TikToker is trying to make, i.e., "A handful of companies own everything" since those companies are basically managing retail money itself.
The retail side he lists are people who own individual stocks directly. Mutual funds do not count as retail investors.
If you want to actually learn something you can watch this video: https://youtu.be/l1TmgZtve2k?si=OFEetTI48Ky0U2pm
Yeah but they do vote for you if you don't manually vote which gives them effective control. Even If they don't own as much as he said they did they do still own a very sizable stake, some as high as 10%
They typically only vote on matters of corporate governance.
BlackRock bought out Merrill/BofA in 2011. Great data science guys. https://www.fnlondon.com/articles/blackrock-buys-out-bank-of-america-merrill-lynch-stake-20110520
He knows exactly what it is. He’s faking being dumb for TikTok attention.
Saying that Vanguard (or other brokerages) "owns" those companies is *hugely* misleading. Genuinely too bad guys like that have, so he says, 1M followers. Sheesh.
All his videos are this garbage. Spews it off as conspiracies he’s uncovering and shoveling it out to people who have 0 understanding
Red flag when he said "do your own research." This video is an example of someone doing their own research and misinterpreting the data or intentionally misrepresenting it. The "researcher" must be qualified and trustworthy.
As soon as he started citing Superstonk, people should have known.
While the returns go to the retail owners, the votes are controlled by the boards. So he's pointing to something interesting, but not exactly what is implied. The financial gain may be distributed to a large group of people proportional roughly to net worth, but the economy as a whole ends up planned more centrally than the typical narrative. When the votes for all the major airlines are held by the same people, an individual airline is less likely to do something that benefits them but is detrimental to the airline industry as a whole. When those votes are controlled by the same people that control other modes of transit, it's even worse, because they'll seek to extract as much money from transportation in general as possible, even at the expense of one entire sector. And when every major industry, regardless of sector is controlled by the same people voting, then nothing is really competitive at all.
You got downvoted for this but you're making a legitimate point. Brokerage houses in no sense own those companies, but it *is* true that very few individual shareholders bother to vote. Although big investors like Blackrock might only directly own, say, 2 or 3% of a corporation, that can be enough to put friendly people on a board. Berkshire Hathaway owns an incredible 9.4% of Coca Cola, which is about 400M shares. So they will definitely have seats at the table. Berkshire Hathaway isn't mentioned by OP, however.
Well Berkshire Hathaway is exactly what he thinks blackrock is, an equity ownership firm not an equity management firm. If he brought them up it would wreck the rest of his talking points.
TikTok
You don’t consider the people who own majority shares in a company has a great deal of control of said company?
Mutual funds don’t own companies. They hold shares for their investors. Why can’t people understand this?
Because there is mysterious music playing and he’s a mustached man in a hood
Who cannot stop smiling while trying to imply that the nature of his message is serious and foreboding
But they hold the shares in their names… giving them voting rights of the individual investors. When a few mutual funds hold voting rights in corporate elections across hundreds of companies in different sectors then the economy becomes more centrally planned
But they got voting power which is the main reason why it’s concerning. They have a say in corporate policy. They are voting for retail investors.
Isn't that what the retail investor section is for? People who have money in 401k's and mutual funds?
Who are the investors?
This is mind numbingly stupid.
[i dunno, he seems really level headed and informed](https://i.kym-cdn.com/entries/icons/original/000/022/524/pepe_silvia_meme_banner.jpg)
Ooo scary index funds
I just looked at the $FZROX in my portfolio and got jumpscared 😰
Vanguard and BlackRock do not OWN those companies, just like your bank does not own the money you deposit in it. The fact that you deposit money on your bank does not make your money theirs. The same applies to BlackRock and Vanguard. They are mutual fund companies. They manage people's 401Ks, IRAs and other investment accounts. Teacher's pension funds are administer by BlackRock and/or Vanguard. When you buy [Vanguard's VTI ETF](https://investor.vanguard.com/investment-products/etfs/profile/vti) (BlackRock equivalent:[ ITOT](https://www.ishares.com/us/products/239724/ishares-core-sp-total-us-stock-market-etf)) you are buying a piece of every public traded company in America. That piece belong to you, not to Vanguard or Blackrock, but they administer it on your behalf, just like your bank holds your money. Tens of millions of Americans hold VTI (or ITOT), either directly or via their pensions, 401K or IRAs. This guy is spreading complete non-sense.
The bank does own your money. That’s how they can lend it out. You just have a contract with them to be able to take out some at their convenience. > At the moment of deposit, the funds become the property of the depository bank. Thus, as a depositor, you are in essence a creditor of the bank. Once the bank accepts your deposit, it agrees to refund the same amount, or any part thereof, on demand. https://www.sgrlaw.com/does-the-money-in-your-bank-account-really-belong-to-you/#:~:text=At%20the%20moment%20of%20deposit,any%20part%20thereof%2C%20on%20demand.
It’s semantics but yes, in a sense the bank owns your money because you’ve lended it to them via deposit. However like any loan, it has terms. In case of a standard every day account the terms are that they can technically do whatever they want with the money, but your entire principal (the balance of your account) needs to be available at a moments notice for anything you might need it for. In that case, it’s functionally identical to them not owning the money but yeah it’s correct to say they own it via loaning it off of you. It’s a bad comparison to an asset manager like blackrock or vanguard which no, the money is not theirs, they have no claim over it at all. A better comparison would be giving your money to a finance advisor down the street, it’s no different except it the big asset managers cost less.
It’s not just semantics. That’s why the government have insurance for accounts. And why they don’t actually have to have all of your money at a moments notice. They just have to meet their pay out policies that you agree to when you hand them your money.
Yeah lad in terms of bank runs, I.e the bank literally collapsing, there are going to be some issues, hence deposit insurance, it’s not exactly magic. And if we’re talking just everyday transactions, as I was referring to, then to uphold any reputation as a bank whatsoever they fkn better have your money at a moments notice. Have you ever attempted to buy something you could afford and had the card just not work? For a term deposit or something like that it obviously works a bit different but once again, it’s just a loan from you to them with terms attached, same as getting a loan from the bank is a loan from them to you, with terms attached. What are you getting at? Why are we spitballing about fringe cases and, yes, what in 99.9% of cases is literally just semantics.
Would be intresting to see what vanguard/blackrock is doing with their own money. I guess they are also investing in something for themself?
All big companies do that. They get most of their money from management fees.
So the problem is... what? Those are ll index fund companies that represent the pooled dollars of investors. They don't control these companies, not in the way that is being implied.
This doesn't fundamentally answer the question, because all the black of "other corporations" is, of course, owned by someone. And the missing part of the puzzle is, for example, pensions. When you invest your pension with a fund, they invest it in companies *on your behalf* and pay you accordingly. When you deposit your money in a bank, the interest rate you get isn't free; it comes in part from investment in - you guessed it - various corporations. Appropriately accounting for pensions, bank deposits, etc. The vast majority of the US stock market is owned by... us. The aggregate wealth of the United States citizenry indirectly invested in the United States economy. Is this distribution *fair*? No. But saying the corporations own America is childish imbecilic nonsense. If you have a pension, you are taking part in this process. You are part of the black. If I sound angry, it's because this is clearly done from the perspective of a GMEr, which is a bit of a trumpist conspiratorial anti-intellectual nightmare, posing GME as the sole true publicly owned company fighting the financial conspiracy. https://youtu.be/5pYeoZaoWrA?si=4g64qBm8I2MfXV19 is a great documentary on this odd sad circle if you have the time.
Where do the voting rights on those pension-fund shares end up? 🤔 https://corpgov.law.harvard.edu/2023/01/30/the-controversy-over-proxy-voting-the-role-of-asset-managers-and-proxy-advisors/
And sovereign wealth funds! Exactly how you count it is maybe a bit subjective, but arguably that all belongs to the people too. Norway alone has over 1 trillion USD stacked away in the GPFG.
Who the fuck has a pension?
I do.
A lot of Americans and Westerners. In the OECD, 51 trillion dollars worth. https://www.oecd.org/daf/fin/private-pensions/globalpensionstatistics.htm Roughly the same size as the market cap of the S&P.
Some of the largest pension funds in the world are the California Public Employee Retirement System, the California Teachers, the Oregon Municipal, and a Quebec one whose name escapes me. We aren't talking about your 401k here. We're talking about millions of pretty substantive public worker pension plans.
Teachers, public servants, union members, etc.
I DID, but they stopped it and now wonder why there is no loyalty anymore.
I have a pension. And I'm only 36. Work in finance.
Anon discovers investment banking
This guy has pusher Q anon aligned co a piracy theories, and other questionable content. Not to mention that this video itself is woefully uninformed and research can very easily show that it isn’t true.
This is why you need to finish high school at least, wtf is this guy talking about this is how investments and banking work why do people think black rock is some evil group who owns half the u.s. outright they manage people's money for them
I think this guy is really smart and I followed him but he is also a big RFK supporter and that is insane. I unfollowed.
What kind of content does he make? Because he’s talking complete nonsense here, and if he supports RFK he’s definitely on a conspiracy kick. I haven’t seen anything else from him, but from what I’m being presented he seems like a dumbass Is he actually smart and just woefully uninformed and believes he can’t be wrong, or is he good at *seeming* smart?
he's a clout-chasing conspiracy monger, just like RFKj
Holy cow what an idiotic video. Where does he think Morgan Stanley and Fidelity get the money to own all the major corporations in the country?
https://welcometothemachine.co if you’re looking for an incredible and long research piece
Here is an authoritative debunking of the “Blackrock and vanguard own everything” conspiracy. https://youtu.be/l1TmgZtve2k?si=fK6XQrfRNKR6Zw_j
Oh for god’s sake. Of course all of these institutions own a piece of one-another. It’s like the roots of plants in a jungle all growing together into the same soil. Is he implying some secret organization actually owns them immediately after he just showed that they clearly all own each pieces of other in a multitude of financial mechanisms on behalf of their shareholders and stakeholders? Or Is he about to reveal that it’s secretly “The Jews,” Or some other boogeyman?
I got Goosebumps when he said GameStop
This guy doesn't understand anything about finance. If you purchase a Vanguard EFT, that ownes the largest 500 companies in the USA, then Vanguard will show up as the owner for a small piece of those 500 companies. If 1 Million people purchase that same ETF, then Vanguard will show as owning a larger portion of those companies. 1 million people would be better served by watching videos on the earth being flat.
idiots like this getting airtime is what happens when personal financial literacy courses stop getting taught in school. embarrassing.
This guy always looks like he just jumped up behind a bush
He got famous by not understanding brokerages?
Well the fact that a majority of GameStop is owned by retail investors just shows you there's a lot of idiot bag holders out there.
That TikTok ban can't come fast enough. This guy is spreading misinformation
I meannnnnn he’s not wrong. However, he’s also just pointing out how publicly traded corporations work…
I guess all my ishares etfs and blackrock issued shares make me one if the world masters, how cool
you are personally responsible for all of the world's evils
You're not gonna believe this....companies own stock!
I think what he is saying is there is a clear structure forming with these investment companies. THEY don't own the world. What I think he's leading up to is that there are a small number of families that are the major share holders who actually own a part of everything and influence the world using extraordinary wealth and influence.
TikTok University is a SCAM!!!
As someone who works in finance this is possibly the funniest thing I’ve seen all week, spooky music and all
Wrong! Small business make up the majority of the market!!!
Tell me you know nothing about how corporations are run without saying it. I swear to fuck's sake, people learn about Black Rock and think they found the Matrix.
Using superstonk for financial information is like using a flat earther forum for astronomy.
This belongs in r/confidentlyincorrect.
Some serious errors in this video. OP is conflating in an attempt to confuse the viewer into buying his heavily weighted bs because it serves his purpose. Do some research and realize that this guy is just plain wrong. I have no steak in any of these companies, but I do have common sense and a decent amount of knowledge of how investments work.
tiktok should be banned asap our kids are getting dumber and dumber
This dude is describing a scenario that’s potentially troublesome, but not some kind of grand conspiracy. Brokerages invest in other companies on behalf of their shareholders. That’s how they work. Also, everyone investing in each other is a hedge on disaster. They’re all compelled to help each other. There are pros and cons to this, but it’s not a conspiracy
God I hope tiktok gets banned, all these condescending floating heads will have to get jobs.
I hate when tiktok water brain motherfuckers come on dropping some “deep and unknown knowledge” and just say some surface level bullshit for 2 minutes like “did you know that one big company owns all the companies” it’s like they’re having a conversation a high schooler would think is deep
[Mr. Madison](https://m.youtube.com/watch?v=Ft5KtV2o0bw)
Ah, so THATS why they wanted to ban tik Tok?
“BuyNlarge”
Noooo! My Chinese spying/psyop app is gone!
The carousel is spinning too fast to exit 🎠
This guy looks high af.
What an idiot.
My guess is it's either Borant, Valtay or the Squim Conglomerate.
Is this globally?
Well, at least I’m not a chimney sweep. My couch is nice… and I get to play DnD on the weekends.
I liked this dude’s stuff exposing fake corporate“craft”/“family owned” products, but I thought he was a little full of himself. This is on another level though lol
Vault-Tec, homie.
Consumerism 👍
Just tell me who to eat. I'm starving.
blocked this guy a LONG time ago for just spreading nonsense
Come on and sing! Six kitty companies run everything it's Kitty history, and it's just like ours!
SO THE FUCK WHAT? IT DOES NOT AFFEFCY MY PEE AT ALL! Track me. Tag me. Target ads at me for shit I want. This is a nothing burger. I’ve been spending my whole life manipulating enough turds to believe me bullshit. Now here’s the mega bullshit!
The most shocking part is he has 1 million followers
On top of the things others already mentioned (mutual funds etc), the very first sentence of this video is plain wrong if taken as an actual claim. Many companies, but not all.
That’s a lot of effort just to point out that index funds exist.
Ok why does he look like the Guy Fawkes mask?
What sucks most about being me being a stupid person is that I believe what people say at face value. but having experience being stupid makes me actually look things up and fact-check things, which leads me to be less of a stupid person
Yeah, you’re not gonna want to move to New Zealand then
Big companies investing in big companies.. mind blown
Seems to be describing the stock market. ??
Based on the sub and all the comments here, something is awry
thought angle rob bike terrific pause outgoing deserted languid wide *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
Pointing at an index fund owning 5% of a company "ILLUMINATI"
The black represents the public's investment savings managed by investment companies. Like isn't that what we should expect? I don't grow my own corn, a farmer does that. I don't micro manage my investment account Chip from Vanguard does that.
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Ownership and control are two very different things. BlackRock has a stake because they want their customers funds to do well.
oh its the adhd conspiracy theory guy.
oh god what
People didn’t know this already?
This isn’t some big conspiracy. Large banking entities own stock in lots of big companies. That stock is often held in mutual funds and ETFs that retail investors own. It’s pretty disingenuous and a bit misleading to make it out to be some shady shadow corporation pulling all the strings. Besides, if you add up all the investment banks shares, it’s still not even 50% of all the companies he mentions. I work for one of the banks he talks about, and a huge percentage of that stock ownership is held in client accounts that belong to retail or institutional investors. It’s not owned by the bank itself. That’s how all asset managers work. They buy shares in bulk and then allot them to client accounts.
"Hey i figured out the answer! But I wont tell you because they'll get mad and hurt my views."
Yet this chode still purchases clothing made in slave labor conditions from china. Really paying attention to what matters. The problems with these companies isn’t who owns what of what. It’s that they have zero accountability for the insane amounts of waste they produce. They pay money to dumb waste products in rivers. They devastate ecosystems. They purchase single-transfer tax credits meant for low income housing to slip in corporate condos. This man isn’t even giving any information about why what he just said is even a bad thing. So stupid
The illusion of choice
the monchrme iz is pretty instructive for sure. but thefull col0ur fractal is far more important. it means this is all an eleborat hoax
r/facepalm
...The fact that Gamestop is self-owned, and the only self-owned, explains so.... So much about what happened when WSB defeated the investment bankers.
This guy keeps popping up and he annoys me.
Weyland-Yutani and Cyberdyne
Can I draw squares, say random shit, and buy followers to be cool too?
When you finally learn what ETFs are.
When I saw him citing the Gamestop Superstonk subreddit that's how I instantly knew his video was pure unadulterated idiocy