Exhausting how many times I have to hear people make good points, but then go on to say how Blackrock, Vanguard, and State Street “own” all the companies’ stocks. “The biggest shareholders.” Not exactly. Why does like nobody know about ETFs and index funds?

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they control voting rights, which is a lot

Yes, that is the caveat. But the people saying the “own” part don’t understand that difference.

People own Blackrock, Vanguard and State Street through their 401Ks.

Exactly