Rob Moore discusses the influence of BlackRock on the stock market, claiming BlackRock is present in about 86% of the S&P 500 and arguing the financial system is rigged and unfair to everyday people. He also suggests following BlackRock's moves might be a reasonable investment strategy.
Who controls the world's money in the stock market? Blackrock, I would argue. Blackrock's probably up there. I heard something ridiculous. They're in 86% of the S&P 500. There's good things about that as well. I would say if I was going to invest in something, then following what they're doing maybe isn't the worst strategy either. I don't believe it's a fair market. Anybody does is quite naive, I think. If anyone thinks that us everyday people have the same advantages as maybe even certain families, okay, well, I accept it. So what game do I need to play to still win? Whoa, whoa, whoa, whoa, whoa. It's rigged. I would say the financial system of the world is rigged.
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