Charlie Munger expects index funds to change the world, and not in a good way

Charlie Munger doesn’t think Larry Fink should run the world.

Mr Munger, billionaire vice-chairman of Berkshire Hathaway Inc. and business partner of Warren Buffett, said the rise of index funds like those run by Mr Fink’s BlackRock Inc has resulted in a ‘huge shift’ of power to influence business decisions. manufacturing. This change “will change the world,” he said, and not for the better.


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