Would you rather want power or money? Sure Larry is only worth $1B but when you have Trillions AUM, you are one of the most powerful individuals in the world.

Even though Larry has less money, his creation of blackrock has touched billions and changed the investment landscape so I'd say he had a bigger impact

Thanks for the video

My mom’s friend from work’s husband was the youngest fund manager in Merrill Lynch history and then he went on to work for Black Rock, he retired at 45 and just manages his own money now. Really nice guy too, not flashy at all, is worth millions but drives a Honda Civic

I admire the financial independence of people, But you can live better if you work a little more. After watching this I think there are people out there, on the extreme, who plan to die early just to be able to retire early. To each their own but to me retirement isn't just about not having to work, it's about having the freedom to do whatever you might reasonably want, such as travel, buying things, enjoying life, etc. I don't think I could retire with less than $3m in income-generating investments, maybe $2m at the very minimum. I plan to work until I'm at least 45

From the sounds of it, the feud between Blackstone and Blackrock - each of the 2 individuals got what they went for didn't they - one for personal wealth, and one for a large empire. Both win at what they set out to do.

6:20 "Luckily" Drowning country in debt to bail out failing institutions was extreme fiscal irresponsibility

$240 million for $23 billion in assets brought real tears to my eyes 🥺😢

I once saw a video in which a very wealthy person was asked what was needed to live like a billionaire. He replied that if you wanted a billionaire's lifestyle, you only need $50 million. Because, that so much money that at that level there are not a lot of things you can't buy. So, when hear someone say, someone has "only a billion dollars" that seems a bit funny to me, because it's still a lot of money.

One caveat. WF was very well positioned with risk management during the 2008 mortgage crisis. It’s what allowed them to leap frog other banks and for a while they were the largest bank in USA.

Hearing your analysis is so soothing....it feels just like my grandmother putting me to sleep.

Recent I heard about the bank "BlackRock" but never learned in dept about its business and how it secretly rule the world as they say. So it's nice you post about this topic.

Update: Google is currently incorrectly displaying Fidelity's AUM as 4.2T USD. If you go directly to Fidelity, it says they have 4.2 T as discretionary assets while total AUM is still 10.4T USD.

I think banks should really make risk management a priority. After all they are managing public's money and the entire world and the economy runs because of them.

1 bil is plenty, good on larry for spreading it around

Fun fact : *Black Rock’s stock has been rising ever since 2010*

An AUM so big that entire asset classes make up trillions in their portfolio. Insane

The thing is most people don’t even know that BlackRock exists.

Larry did the right thing and realized that a powerful institution relies on all contributing members, in the end, Larry created the better fund, has more money than he will ever need and isn't universally despised, big W.

Larry is a leader, Steven is a C-level executive.

KNEW ABOUT BLACKROCK. BUT THIS VIDEO IS SUPER INFORMATIVE. CHEERS FROM INDIA ;)

Been following black rock for a while now they're great at what they do

Blackrock is not a bank Blackrock is a investment management firm

Love how you cover so many diverse topics with such details. Glad to hear about such a bank today. Are you a business major?

Thanks, I didn't even know Black Rock was a thing. btw, I feel I need to add, the appalling risk management of Banks during the last global financial crisis, in favor of ever increasing profits, varied greatly, depending on which regions of the world you were talking about. For example, New Zealand (and to a slightly lesser extent Australian) Banks are subject to much stricter government regulation, with regards to their LVR (Loan to Value Ratio) and many other aspects related to their financial health. As such, those Banks (and the econmies they served) were able to weather the storm a lot better. Lastly, something I am curious about, and perhaps an idea for a future video by you, is the state of the large Chinese Banks. If you google a list of the largest banks in the world (by assets) that list is dominated by Chinese and Asian Banks. Based on that list alone, it appears China is already the new global financial super power, but I'd be interested in a more heavily researched and informed opinion -by someone like you for example :)

Now this is a proper company an CEO. Not driven by greed . He actually wanted to spread the wealth amongst others . His a very rare decent guy in a world filled with greed . Hope BlackRock stays on the right path

Blackrock still has #1 market share in AUM. The fidelity number you quoted is Assets under Administration not AUM.

Investing is buying yourself a better future you don't have to work hard.

Not a bank. Think of your own finances for simplicity. "Banks" generally handle all your credit cards, mortgage, personal loans. Blackrock, like Fidelity and others, specialize in managing your pension, mostly. That's a big simplification but the main point is Blackrock is NOT a bank.

The enormous generational inspiration that Larry made happen to Blackrock's employees will ensure Blackrock's generational growth. Life is the long game.

This channel is just too good. Keep up the good work.

This thumbnail is looking fire

Both came out on top. Both are Billionaires and settled for life.

Your channel has truly changed my life. i've been studying and researching about crypto for a while now and i got stuck at some point on the learning curve. now i can say I'm truly improving my understanding of this whole new world and making great profit weekly, all thanks to you

Never heard of them, good job explaining 👍🏾, now I’m going to study risk management.

Good vid but blackrock doesn’t need to buy ETFs to shield themselves. They can buy individual stocks and make their own portfolios

damn i found out about blackrock after seeing elon musk buy twitter like i just analyzed and saw blackrock had bought stocks of almost every company

Blackstone is the best private equity firm. Whereas Blackrock is a total package in money managing. Great video nonetheless.

I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.

Well Researched & Presented Case Study indeed! Thank You So Much Logically Answered Channel for the many Case Study you have presented! We really Appreciated it! Stay Safe & Stay Grateful! 🌷🌿🌎💖

Adam Curtis' documentary "Hypernormalisation" delves into Blackrocks Aladdin, shows the root of their success...

I think Blackrock’s CEO Larry understood the concept of risk management and mitigation plus employee welfare, he didn’t really care about money or the power he got from outside but probably is heavily respected by his employees and customers which to me builds a better business that is likely to survive in the long term.

Giving me 10 billion wouldn't hurt 😌

I think in end Larry will have more money,I have heard of them long time ago,I read a lot of business news.

WOW, I've never heard about it, they are so rich that they can even hide it. nice video thanks for sharing

Great video but you totally missed the ball and not reporting Black Rock purchasing US homes like crazy at above market rate, then holding those assets. They become maybe the largest US housing owner?

would have to say you are wel come to black rock

I remember working years ago for a wealth management firm and their products were constantly pushed so I am not surprised.

The one who controls the most money wins. If you’re already a billionaire, at that point what they compete on is power, not personal wealth.

Blackrock and vanguard run our lives

Great content

Blackstone CEO must be feeling like a doofus these days

Working at First Boston was the dream job back in the day...

SHADOW BANK! (Turns out it's just a company that's well know in finance.)

Trading by feel is not a good idea what tells you to buy or sell? Okay what tells you the trend is done you must exit please tell me that?

man you have grown a lot since last time i commented on one of your videos, keep it up!

King #LarryFink came on top!💰🤑💰

Dude you sounds funny. Unclear pronunciation, but still i like the content and put thumbs up on it.

I agree with Larry to share it Steve is greedy,when you think one is greedy their is always someone greedier

Larry played a part in creating mortgage backed securities, which caused the financial crisis & since he was the only guy who really had an understanding of how they worked, everyone turned to him to fix it. It’s almost as if he had planned for it all to happen..

Vanguard vs Blackrock. Who might win?

Drinking game for everytime he says "Blackrock"! Better buy 3 full bottles and take small sips... 😆

This was a wonderful video! Whoa! 🤯

I heard about black rock for the first time yesterday

A video about Shadow banking but comments hijacked by brokers.

These Financial Institutions and Asset Management are they not linked to or controlled by some of the world's richest families? Their rise and lack of some form of push back from regulators is interesting

Thanks Black rok for your humanuty. I your Member.

They both came out on top of you’re worth a billion dollars!

It becomes a problem when it does more harm than good..

Now this looks like a job for me

Good work ! By guy Jake is going crazy

Blackrock, blackwater, blackstone, i think of something obsedian and from hell. Lol.

Love learning random interesting info like this 😄👍

Great content.I heard of blackrock from a KZfaq channel called Investigate Europe.They said that black rock rules the world.but I never knew in depth what they are

Good job. I'd love to see a video about Graham/Buffet-style value investing, and the relevance of fundamentals in today's markets.

Food for thought

Risk management is the foundation of every financial institution. Those who think differently suffer badly eventually.

The worth of a person is not just how much they accumulate but how they help others. So Larry was the true winner, not Stephen. Another winner was the Midwest Greek-Am Peter George Peterson (June 5, 1926 - March 20, 2018) an American investment banker who served as United States Secretary of Commerce from February 29, 1972, to February 1, 1973, under the Richard Nixon administration. Was a founder of this firm and has a think-tank named after him in Washington DC.

So glad black rock is so on the up and up. I thought for a second they might be up to nefarious activites. Thanks for easing my mind.

Funfact there's a district in Barbados named Black Rock

the sad reality in the Indian bank system, rate of interest is more than the actual loan taken.

Larry is an ASSET MGR. Steven is a Private Equity Boss. A 10T Asset Mgr is as powerful as a 0.65T PE firm. Blackrock is just ETFs. BlackStone is a way more sophisticated vehicle. I'd say the 2 firms are just as powerful so Steven would have come out on top with 33x more wealth except he doesn't do anything with the wealth seperate to BlackStone. Both are on the same level but I'd edge Steven fwd due to his potential to do something more.

HE GETS AT.

The guy who runs Trillions beats the guy who has Billions more personally. Also there is no way Fink has less than 180 billion to his name I am sure am man of such skill is well versed in the arts of smoke and screens of financial world or has experts on his side. Trusts, Trusts Trusts.

Let's wait for the next stock market bubble burst and see how BlackRock deals with it. I guess even Warren Buffett is ready like 2008, piling upp cash to buy out firms for cheap when everything is down. I think it's near with crazy valuations of some companies involved in new age technologies.

and who do we owe $9.5 Trillion to? Aliens?!

Black Rock is not a Bank. It is an investment manager and broker for stocks, bonds/papers/notes both Treasury and Private Debt. It also controls a hedge fund.

I just watched a video about Black Rock a few days ago.

Subbed

I will always pick the guy who cared about the people he was hiring over the guy who wanted to build his own wealth more

i thought i read somewhere that blackrock was paying real estate developers to build entire developments and sell them directly to blackrock, who would then simply hoard them but i can't find anything about it now...

Who all want next video about Pink Rock having Zillions of Dollars, Gold , Diamond . With that Amount of Money They Can Purchase Mars.

I heard abt blackrock abt 10yrs ago, and i m still 30. Pls do a video abt PIMCO.

you guys are not talking about vanguard or charles swap or fidelity or morgan stanley or state tree! they have more then 3 trillion in AUM!

Coming here after seeing JakeTran's video on the same topic :)

imagine 10Trillion, what would you do?

BlackRock is about to wipeout it’s biggest competitor in Citadel. #APEARMY

The future of Blackrock is banking. Mark my comment.

Investing in index's is not diversification index are traded by many large organisations and the public. Diversification were be more like owning private equity in these businesses and physical assets along with commodities and cash. But Blackrock is so big it is a market maker so if it predicts something will go up and buy the share volume of there purchases drive up the price. It's a little like how the FED works except the FED has unlimited cash and it places that capital into Blackrock to manage. The funny money is buying everything and consumers will own nothing.

Super video