RE:RE:BlackrockBlackrock grew in importance with the ETF movement which in turn was based on the theories proposed by the popular book A Random Walk Down Wall Street. The idea behind Blackrock and its competitors was to give retail investors a break from high mutual fund fees and give them the safety of diversification at a very low cost.
Warren Buffet is in many ways a competitor , but as a public company he has the rights to use his powers at his discretion. Blackrock as a fiduciary does not have that power, yet they use it anyway. If you want an ETF there are many competitors. Perhaps investors should look beyond the simple managment expense ratios. Saving a few cents can now lead to usurpers stealing investors sovereign rights and then using those same rights against them in other arenas !!