A view of the offices of the investment management firm BlackRock in New York, New York, USA, 16 January 2020. EPA-EFE/JUSTIN LANEFor someone supposed to be writing a daily note about investing, I seem to spend an enormous amount of time writing about politics, philosophy and economics. Friends joke that I tend to write depressive diatribes about governance failures in our beloved country, and still cheerfully end the note with the felicitous suggestion, “Happy investing”.
Both are pretty young companies; Vanguard is around 50 years old but BlackRock was established as recently as 1988. BlackRock really grew by acquisition, and its acquisitions have been breathtaking, especially Mercury Asset Management in 2006 and Barclays Global Investors in 2009. This was not a call for corporate socialism, but more a recognition of the often conflicting agendas involved in running a business and how managing those agendas well was increasingly a business differentiator.
Fink himself points out that one of the reasons why the US rebounded from the 2008 financial crisis, for example, was precisely the relative strength of its capital markets.Arguably the biggest barrier to investing for retirement — or for anything — is fear,” he wrote.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ANC: Self-preservation takes precedence over anything elseArguably, the ruling party has reached the stage where self-preservation takes precedence over anything.
Source: TheCitizen_News - 🏆 6. / 75 Read more »
After the Bell: Like Johnny Cash, Pravin Gordhan walked the lineIf there is any politician who reminds me of Johnny Cash – his career, his contradictions, his triumphant sadness – it’s Pravin Gordhan, who intends to hang up his gloves after an extraordinary career as an activist and a politician.
Source: dailymaverick - 🏆 3. / 84 Read more »
After the Bell: Gordhan’s blunders on the runway to the failed SAA privatisation dealSo what is the outcome of this extremely unfortunate turn of events? Well, for the government, it’s really bad. The whole theory of the government-business partnership rests on a foundation of understanding and trust. Changing the price of a deal after you have signed a contract, in whatever circumstances, is — how should we put this? — not good.
Source: dailymaverick - 🏆 3. / 84 Read more »
After the Bell: Gordhan’s blunders on the runway to the failed SAA privatisation dealSo what is the outcome of this extremely unfortunate turn of events? Well, for the government, it’s really bad. The whole theory of the government-business partnership rests on a foundation of understanding and trust. Changing the price of a deal after you have signed a contract, in whatever circumstances, is — how should we put this? — not good.
Source: dailymaverick - 🏆 3. / 84 Read more »
After the Bell: Bola Tinubu’s wild bet on the Nigerian nairaNigerians plainly tired of the naira’s volatility and voted in President Tinubu despite — or perhaps because of — his vow to allow the currency to float.
Source: dailymaverick - 🏆 3. / 84 Read more »
After the Bell: Sasfin and the law of Al CaponeSince Al Capone’s conviction, the great truism of gangsterism is that you can escape the police, the press and the public, but what gets you is the taxman.
Source: dailymaverick - 🏆 3. / 84 Read more »