Charlie Munger Warned That BlackRock Holds Too Much Power And Didn't Want Larry Fink Becoming An 'Emperor' [Yahoo! Finance]
Daily Journal Corp. (S.C.) (DJCO)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
for the Daily Journal Corporation (NASDAQ: DJCO ), the late vice chairman of Berkshire Hathaway (NYSE: BRK , BRK.B)) warned that passive investing had quietly handed too much control to just a few people. “Oh, huge,” Munger said when asked if index funds were impacting stock prices. He pointed out that giants like BlackRock, Vanguard and State Street (NYSE: STT ) vote on behalf of millions of investors, giving them incredible sway over corporate boards and decisions. Don't Miss: The AI Marketing Platform Backed by Insiders from Google, Meta, and Amazon — Invest at $0.85/Share Deloitte's #1 Fastest-Growing Software Company Lets Users Earn Money Just by Scrolling — Accredited Investors Can Still Get In at $0.50/Share. “We have a new bunch of emperors, and they're the people who vote the shares in the index funds,” he said. “Maybe we can make Larry Fink and the people at Vanguard Pope,” he added, half-joking. But Munger made it clear he wasn't laughing about the risks. “I don
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Sec Filings
- 12/16/25 - Form 8-K
- 10/29/25 - Form 8-K
- 10/14/25 - Form 13F-HR/A
- DJCO's page on the SEC website