• preasket@lemy.lol
    link
    fedilink
    arrow-up
    0
    ·
    11 months ago

    I think people misunderstand what BlackRock does. It’s a proxy for other investors. Investors all around the world buy assets, produced by BlackRock and BlackRock routes that money into corresponding shares/bonds/real estate, etc.

    • afraid_of_zombies@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      11 months ago

      The word “Produced” is doing some heavy-lifting in that sentence. When I hear “produced” I think of a factory making stuff that has value or a farm producing food.