re: Blackrock will own 70% of Homes in 6 years. We will own nothing.

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The Big Three—BlackRock, Vanguard, and State Street—collectively constitute the largest shareholder in nearly [90%] of S&P 500 firms.

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Yes, and Vivek pointed out that entities like CALPERS put a ton of investment money into things like BlackRock for pension funds and in turn CALPERS (the govt) is able to exert a lot of influence on these firms. It's a sordid relationship.