Transcript (en)

the shareholders are the ones that are in control because they can control the board and then like that's what makes black rock so unique and interesting because they sit in between everyone owning all the boards yeah it's why is that the case keith like how does that structurally work yeah and so i mean he breaks it down pretty well but at the end of the day black rock raises money from other people to go out and then buy shares of the companies on behalf of the people who are giving them money. Now, when you buy the actual stock itself, you have a vote in the company, right? So the more of the shares of the company that you own, the more votes you have. And if BlackRock sits in between, right, owning all the different shares of all the companies, all of the companies, then they essentially have control of the votes, right, that they delegate to all of the rest of, to all of these companies. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.