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I was recently shopping for an UPS + couple 100Ah Batteries solution and failed to find an easy way to buy something not manufactured in China. Northvolt seems to not be present in retail at all. Are there any good places I should've checked out?
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What they haven't Blackstone has - they're related private equity groups, aka late capitalist cancer ala Gordon Ecko's 'I produce nothing , I do nothing , I own '.
Owning a stock is a verb. Allocating capital takes a lot of work, and a lot of courage. Gordon Gecko is a fictional character. Having said that, Blackstone/rock has grown far too much. People need to stop sending their money to their index funds.
Where else do you send it to? Vanguard, with 7.7T AUM? For reference, Blackrock's AUM is 9.4T.
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Blackrock also owns 5-6% of Tesla.
Blackrock doesn't 'own' Tesla, or any company really. They hold and manage stocks for their customers. If you own an iShares ETF or mutual fund, you own the companies, not Blackrock.
> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
Blackrock even manages a large part of Jerome Powell's, the chair of the Federal Reserve, money. It appears to be a conflict of interest but maybe I don't understand the intricacies of the monetary system. "The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth" [0] [0] https://wallstreetonparade.com/2021/10/the-fed-is-subsidizin...
The site you linked is doing a favorite exercise of conspiracy therorists; A is related to B which is related to C which is related to D. Therefore, A and D have conspired, despite in reality not having anything to do with each other.
> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
Blackrock even manages a large part of Jerome Powell's, the chair of the Federal Reserve, money. It appears to be a conflict of interest but maybe I don't understand the intricacies of the monetary system. "The Fed Is Subsidizing the Money Market Funds Operated by Larry Fink’s BlackRock as BlackRock Manages a Big Part of Jerome Powell’s Wealth" [0] [0] https://wallstreetonparade.com/2021/10/the-fed-is-subsidizin...
The fed choosing an asset management firm is similar to choosing a vendor. That in itself isn't a "conflict of interest". That only arises if there's reason to believe that the Fed or its officials are making decisions that benefit themselves personally at the expense of the fed. For instance, if they hold outsized positions in blackrock and chose them despite not being the best choice (eg. vanguard is is cheaper).
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It takes a lot of work to decide the right investments and manage the companies you've invested in to ensure they don't go kaboom. Private equity takes active ownership in the companies they own, unlike BlackRock that invests and at most takes a few board seats.
The people investing those large quantities aren’t the ones managing those funds.
There is no way to own something without being all over it.
Especially if you outsource the management of it, you now have to watch your money managers like a hawk and also accept a lower rate of return.
I was recently shopping for an UPS + couple 100Ah Batteries solution and failed to find an easy way to buy something not manufactured in China. Northvolt seems to not be present in retail at all. Are there any good places I should've checked out?
I wonder if it is a china owned factory or not
I noticed they don’t mention Tesla but they lift the term gigafactory
Not sure about trademarks though.
> Sweden’s Northvolt, has raised $1.2bn from North America-based investors including BlackRock. Feels like BlackRock have touched almost everything
Well sure, because they're an investment company. They manage people's money. A lot of people seem to talk about BlackRock as if they're investing their own money, which would be similar to pretending your bank owns all the money that you put in it. They have $10Tn under management, but they have a market cap of $100bn. So the vast majority of what they're doing is just brokering deals for their investors. The fact t…