07-27-2023, 03:28 AM
(07-27-2023, 12:32 AM)BlueTiki Wrote: BlackRock, Inc., is a publicly traded company (sells shares of stock and is traded on an exchange); Vanguard does neither. Therefore, Vanguard is NOT a publicly traded company. The "publicly traded" difference IS the reason why Vanguard is structured differently.
I have neither the time nor energy to discuss the nuances with the labels, “stockholder” and “shareholder”.
Suffice it to say, BlackRock, Inc., has both, while Vanguard can only have one.
A simple and working definition of Asset Management is the combining of funds (usually from many sources) to invest in existing market opportunities, and then managing the portfolios. Both firms provide this service.
The significance (of my question) is that you made and continued to make a false and careless statement. It is obvious that you did not research your answer before stating this originally . . . and now . . . once again (when you had the opportunity to check your answer) . . . you repeated the same falsity.
To satisfy your request for elucidation and significance for my question: IT’S A TRUST ISSUE REGARDING YOUR KNOWLEDGE AND ACCURACY WITHIN YOUR POSTS.
If I can’t trust the information contained within your posts (being accurate and truthful), why should I trust your opinions and conclusions . . . based on any information or analysis you post?
Answer: I can't and won't.
Would you trust the opinions and conclusions of a person who engages in logic chopping?
I answered that question with a high degree of certainty that you'd respond in this manner. You didn't disappoint.