
peicaili|Sep 22, 2025 03:40
Watched a video about BlackRock's rise, and it was pretty interesting. It's hard to imagine that in just over 20 years, it grew from a small company with only $150,000 in startup capital to becoming the King of Wall Street today. They now manage assets worth a staggering $11.5 trillion and hold significant voting power in many publicly traded companies, including Microsoft and Nvidia.
One fun perspective is looking at BlackRock's history of development through the lens of the transition between old and new orders. Its history can be seen as the evolution of Wall Street's old order collapsing and a new order taking shape. We can observe how BlackRock, this order-making machine, step by step built a power field centered around itself, along with the resulting monopoly, scarcity, and massive value capture.
Another interesting perspective is examining what hidden crises might exist under the new Wall Street order defined by BlackRock. Will the story of the hero who slays the dragon eventually becoming the dragon himself play out once again?
https://www.(youtube.com)/watch?v=8SAddbY-WuE&t=6s
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